(News Bulletin 247) – The title Plastic Omnium rose sharply on Monday on the Paris Stock Exchange, thanks to an increase in the recommendation of JPMorgan, from ‘underweight’ to ‘neutral’ on the value.
Around 2:15 p.m., the action of the automotive supplier, specializing in body parts, wins more than 4.5%, signing the largest increase in the SBF 120, up 0.1% at the same time.
In a sector note published in the morning, JPMorgan analysts say they are more positive about the French group, showing confidence both in the improvement of the passenger car market and in the recovery of the profitability of its lighting activity. .
‘We expect a gradual recovery in the performance of its recent acquisitions (Varroc Lighting Systems (VLS) and AMLS), with the ambition of bringing their profitability in line with the group’s historical levels’, underlines the design office .
Its target price is thus slightly raised, from 16 to 17 euros.
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