Schneider Electric: Oddo confirms rating ahead of CMD

(CercleFinance.com) - The group is organizing a CMD 26 June.

Oddo expects optimistic comments, with the group set to confirm its medium-term objectives (i.e. organic growth of 3%-6% over a full cycle and a 200-bp improvement in its EBITA margin by 2021).

Prior to this meeting, Oddo confirms its Neutral rating on the share, along with its target price of 76 euros.

Oddo believes that this day will focus on digital, a growth vector for the group (via its EcoStruxure platform, its services, etc.).

The broker also anticipates fairly confident comments on the current situation (short-cycle activities are slowing down, although the rest are resisting), it says.


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