(CercleFinance.com) – In a note on automotive equipment manufacturers, Stifel raises its recommendation on Plastic Omnium from ‘hold’ to ‘buy’ with a price target of 17 euros, after its recent underperformance following a warning in November 2023.
‘The stock may not offer the best earnings growth in 2024 (Valeo and Conti seem better options in the short term), but current prices offer a good entry point and the 2025 multiples appear attractive,’ estimates the broker.
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