Intertek: Oddo BHF upgrades 'reduce' rating
(CercleFinance.com) - Oddo BHF has upgraded its rating on the Intertek stock from "reduce" to "neutral," with a target price of 5500 pence, in a report on the European shares in the inspection and certification sector.
The analyst says that the sector is expensive, rightly reflecting its defensive nature, although we still see a potential for a rerating of Applus and Bureau Veritas: he has a "buy" rating on both these shares, with respective price targets of 14.5 euros and 25 euros.
Oddo BHF is more convinced about Intertek's resilience, although is less confident in expectations for SGS, for which he has downgradedf his "buy" rating to "reduce," with a target price of 2450 Swiss francs.
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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.
The analyst says that the sector is expensive, rightly reflecting its defensive nature, although we still see a potential for a rerating of Applus and Bureau Veritas: he has a "buy" rating on both these shares, with respective price targets of 14.5 euros and 25 euros.
Oddo BHF is more convinced about Intertek's resilience, although is less confident in expectations for SGS, for which he has downgradedf his "buy" rating to "reduce," with a target price of 2450 Swiss francs.
Copyright (c) 2019 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.