Valeo: Bryan Garnier a buyer before interim results

(CercleFinance.com) - With Valeo set to publish its interim results on 25 July (after Plastic Omnium and Faurecia on 20 July), broker Bryan Garnier this morning confirms its buy rating on the stock, coupled with a target price of 65 euros.


According to analysts, automobile production accelerated in the second quarter - both in relation to the trend observed a year earlier and relative to Q1 2018. The three major French auto equipment makers should therefore be able to report robust organic growth, along with improvements in their margins.

Despite uncertainties from the US about global trade, Bryan Garnier predicts that annual forecasts will be confirmed.



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