Schneider Electric: Oddo BHF positive after CMD about India

(CercleFinance.com) - Oddo BHF maintains its 'outperform' rating on Schneider Electric shares, along with a E273 target price, after a CMD devoted to the group's opportunities and prospects in India, a meeting which also saw its new CEO endorse medium-term targets.


In addition to the fact that India is Schneider's third largest country (behind the US and China), the broker also presents it as a major talent pool, in a world where finding qualified engineers remains a challenge.

Schneider Electric benefits from its positioning in segments with high growth potential (grid, datacenters, software, infrastructure, etc.), which we believe justifies the share trading on best-in-class multiples, it adds in essence.


Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.