Bouygues: solid on its foundations







Photo credit © Radosek / Bouygues Construction

(Boursier.com) — Bouygues fell 0.7% to 33 euros this Thursday, while Morgan Stanley remains ‘underweight’ on the group, while raising its target from 30 to… 33 euros. Citigroup is ‘neutral’ on the issue with a price target adjusted to 33.80 euros and Barclays is ‘market weighted’ with a price target of 41 euros. JP Morgan had already raised the cursor on the stock to 49 euros with an opinion to ‘overweight’… The good quarterly publication (Q3) was not forgotten by the market, marked by a clear improvement in the WCR and a recovery limited supplies. HSBC had also reiterated its “purchase” rating and its target of 40 euros on this occasion.
The next meeting is set for February 27 with the publication of the 2023 annual results…


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