Suez: Oddo raises target price

(CercleFinance.com) - Suez has confirmed its business trends, with a second half and fourth quarter of 2020 that are in line with expectations, Oddo says.


Thus, at the beginning of 2021, the operational trajectory is almost in line with a normal year at this stage, which underpins the group's ability to achieve its strategic objectives, the broker analyses.

Oddo also reports that the plan to reduce costs in 2020 and 2021 is in line with the strategic plan.

While encouraged by the calm tone of management and the trajectory of business, the broker maintains its "neutral" rating on the share and raises its corresponding target price to 16.3 euros (vs. 13 euros previously).


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