(AOF) – Citi raised its recommendation on Legrand to Buy, with a price target increasing from 85 to 125 euros. The American bank specifies that “Legrand’s shares have underperformed those of Schneider and ABB by 20% and 14% respectively since the start of the year”, considering that “this can be attributed to the greater exposure of Legrand’s weak office construction and renovation markets, its limited exposure to the growing utility and medium voltage markets, and data center growth which has lagged behind.
© 2024 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
