SCHNEIDER ELECTRIC : Morgan Stanley raises its target
March 28, 2024 at 11:11 am EDT
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Morgan Stanley on Thursday raised its price target for Schneider Electric from 184 to 218 euros, while renewing its 'in-line weighting' recommendation on the stock pending a better entry point.
In a research note, the analyst points out that the French electrical equipment and industrial automation specialist is a well-known name and widely held by investors, and for good reason.
It expects organic growth of 8% this year and in 2025, driven by its activities in data centers, power networks and electrification in the USA.
For the time being, Morgan Stanley stresses that the caution surrounding its margin forecasts, which are less ambitious than consensus targets, has prompted it to issue an 'in-line weighted' recommendation on the stock.
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Schneider Electric SE leads the Digital Transformation of Energy Management and Automation in Homes, Buildings, Data Centers, Infrastructures and Industries.
With a presence in more than 115 countries, Schneider Electric SE is the undisputed leader in power management - medium voltage, low voltage and secure energy, and automation systems. The company provides integrated efficiency solutions that combine energy management, automation and software.
The ecosystem it has built allows it to collaborate on its open platform with a large community of partners, integrators and developers to offer its customers both control and operational efficiency in real time.
Net sales are distributed geographically as follows: France (3.9%), Western Europe (16.8%), the United States (19.9%), North America (23%), China (8.6%), Asia/Pacific (19.3%) and other (8.5%).