(CercleFinance.com) – Faurecia gained nearly 4% in Paris, benefiting in particular from an analysis by Jefferies which today raised its recommendation on the stock from ‘hold’ to ‘buy’, with a price target unchanged from 28 euros.
Now that the capital increase has been finalized, the American broker expects the market’s attention to turn to the recovery in volumes and prices.
According to Jefferies, Faurecia is an ideal stock to hold with a view to a resumption of activity.
The broker also says to expect good potential surprises in terms of the results of the automotive supplier, which is currently trading on the stock market on low valuation multiples from a historical point of view.
Finally, Jefferies believes that asset disposals could also act as catalysts in the coming months.
Copyright © 2022 CercleFinance.com. All rights reserved.
Did you like this article ? Share it with your friends with the buttons below.
