Legrand: JPMorgan upgrades stock

(CercleFinance.com) - On Thursday JPMorgan upgraded its rating on Legrand shares from "neutral" to "overweight", while trimming its target price for them from 103 euros to 95 euros.


In its sector comments, the broker said it considered the French electrical equipment manufacturer to be a kind of "safe haven" in the current environment.

In short they say that Legrand has one of the best track records in stocks they follow, driven by a disciplined and consistent approach to profitable growth in the low-voltage installation market, one of the most attractive niches.


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