(CercleFinance.com) – The value rose by more than 3%, benefiting from a publication above expectations.
Despite a price target revised from 31.5 to 28.3 euros, Invest Securities reiterates its ‘buy’ opinion in view of the low 2023/24 multiples. “Among equipment manufacturers, Valeo is the title that could rebound first when the context clears up,” he judges.
The day after a publication above expectations and without bad surprises, the analyst retains a “very offensive” speech, Valeo seeming according to him, “to have finally found, despite the context, a” momentum “of recovery in its profitability ‘.
‘It should be confirmed that the headwinds are coming to calm down. We are not modifying our estimates because the enthusiasm of the management was not up to the raising of the guidance and the sectoral uncertainties remain numerous,’ he qualifies.
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