Suez: stock up after roadshow
(CercleFinance.com) - The Suez stock finished trading up on Friday, after a roadshow with company management in Geneva.
Following this meeting, Oddo maintains its buy rating on the stock, along with its target price of 15.60 euros.
The group confirmed the continuation of trends seen in the first half of 2018 over the summer Period. In France, the group's water business benefited from the heatwave of July and August, with a relatively high comparison basis in 2017 (+0.5%), broker Oddo explains.
Company management also confirmed that the expected changes in governance should occur between Q4 2018 and February 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
Following this meeting, Oddo maintains its buy rating on the stock, along with its target price of 15.60 euros.
The group confirmed the continuation of trends seen in the first half of 2018 over the summer Period. In France, the group's water business benefited from the heatwave of July and August, with a relatively high comparison basis in 2017 (+0.5%), broker Oddo explains.
Company management also confirmed that the expected changes in governance should occur between Q4 2018 and February 2019.
Copyright (c) 2018 CercleFinance.com. All rights reserved.