(CercleFinance.com) – UBS reaffirms its ‘buy’ recommendation on Legrand as well as its target price of 98 euros, concealing a potential upside of 23% for the action of the French supplier of electrical equipment, after the publication of its half-yearly last week.
“Long-term revenue and earnings growth remains resilient despite a more conservative estimate of expected organic growth for 2023,” the broker said in its research note summary.
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