(CercleFinance.com) – Deutsche Bank on Wednesday raised its advice on Schneider Electric stock, which it is raising from ‘hold’ to ‘buy’ with a price target left intact, at 145 euros.
In a research note, the broker points out that the French group offers one of the most attractive profiles in its sector due to its business portfolio which skilfully combines electrification, automation and software.
“In the current context of the energy crisis, the group seems ideally placed to ride the waves of energy efficiency and digitization,” he adds.
While it acknowledges that Schneider is not fully immune to the threat of a recession, the broker believes that its low exposure to Europe, the excellence of its supply chain and the strength of its cash flow should limit its effects.
Copyright © 2022 CercleFinance.com. All rights reserved.
The information and analyzes disseminated by Cercle Finance only constitute a decision-making aid for investors. The responsibility of Cercle Finance cannot be held directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional adviser before any investment. This indicative information does not in any way constitute an incitement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends with the buttons below.
