(Boursier.com) — In a market that is very well oriented in the morning, Rexel advances 0.6% to 23.6 euros. The title of the specialist in the professional distribution of electrical equipment thus ignores a rating from JP Morgan which lowered its recommendation to ‘neutral’ while reducing its target from 28 to 25 euros. The bank changed the ratings of the European capital goods sector as part of its 2024 outlook. It says the group is well positioned to benefit from a number of structural growth drivers, but the basis of comparison will rise in 2024, and there is competition for capital in the electricity sector, explains the analyst.
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