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Faurecia: in the green, a supporting broker – 01/13/2023 at 16:59


(CercleFinance.com) – Faurecia is up nearly 2% in Paris while Stifel this morning confirmed its ‘buy’ recommendation on the stock with a price target raised from 23 to 26 euros, in the wake of a sequence of 2022-24 EPS expectations raised by 10% on average for the automotive supplier.

“Faurecia ultimately remains above all a card for playing debt reduction (and to a lesser extent, integration)”, estimates the broker, who expects a reduction of one billion euros in net debt in 2023.

“The only obstacle for the dossier lies in the demanding expectations of the consensus on the adjusted operating margin of 2023, which should not be achieved by the group’s objective next February”, warns Stifel.



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