(CercleFinance.com) – Faurecia gained more than 2% in Paris, while Invest Securities reaffirmed its ‘buy’ opinion on the stock this morning from a medium-long term perspective, with a price target raised slightly from 22, 5 to 23.1 euros.
At the end of two days of CMD, the analyst said ‘welcome the arguments deployed to address debt reduction on the basis of a plausible operational cost reduction plan based on cautious market expectations’.
The research department lowers its BNA 2022/24 by -6.2%/-4.7%/-2.1%, but points to a ‘very recent (but perhaps not lasting) improvement in the WACC’ of its DCF as well as the rise, at the end of last week, of sector multiples.
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