Valeo: UBS still strongly believes in stock.
(CercleFinance.com) - This morning analysts confirmed their buy rating on the share of the French automotive supplier, in addition to their 12-month target price of 82 euros, which suggests upside potential of around 40%.
“We think Valeo is set to become a key global supplier for electric cars,” UBS mentions in its research report, as the group has been able to successfully position itself ahead of competitors that offer cheaper products.
Its competitive nature is based on its ability to provide both complete systems and modules, the quality of its products, and its expertise in electrical equipment, UBS adds.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
“We think Valeo is set to become a key global supplier for electric cars,” UBS mentions in its research report, as the group has been able to successfully position itself ahead of competitors that offer cheaper products.
Its competitive nature is based on its ability to provide both complete systems and modules, the quality of its products, and its expertise in electrical equipment, UBS adds.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.