(CercleFinance.com) – Berenberg announced on Friday that it had reduced its price target on Veolia Environnement from 38 to 35 euros, while maintaining its purchase recommendation on the stock.
In a study released this morning, the financial intermediary said it expects first quarter results, which will be published on May 14, to confirm that the environmental services group remains well placed to achieve both its annual forecasts and its objectives for 2027.
Although he forecasts an operating result (Ebitda) penalized by unfavorable exchange rate effects, the analyst explains that he anticipates solid performances on a like-for-like basis in water, waste and energy, suggesting that the objective of organic growth of 5% to 6% of Ebitda in 2024 is entirely achievable.
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