Jefferies upgraded Schneider Electric to Buy from Hold with a price target of EUR 260, up from EUR 175. After conducting bottom-up research, including expert channel checks and collaboration with other Jefferies research teams, the analyst has increasing confidence in Schneider’s growth and margin outlook and believes Schneider’s growth outlook is more sustainable than the firm had previously expected. Based on its deep dive into the Electrification sector, exploring the impact of growing data center demand, the firm also added Schneider Electric to Jefferies’ Franchise Picks list.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBGSY:
- Bentley Systems down 7% after Schneider Electric announces deal talks ended
- Schneider Electric SE (SBGSY) Announces Q2 Dividend: Save the Dates!
- Schneider Electric price target raised to EUR 252 from EUR 250 at Berenberg
- Schneider Electric price target raised to EUR 230 from EUR 220 at JPMorgan
- Bentley Systems acknowledged Schneider statement over talks