(News Bulletin 247) – While lowering its target price from 29 to 28 euros, Stifel reaffirms its ‘buy’ recommendation on Bureau Veritas, which remains its favorite European stock in the inspection and certification services sector.
In the passage of the note devoted to it, the broker declares that it expects the French group to maintain the best results momentum among its peers, thanks to growth in its outperforming turnover.
According to him, the recent decline in the share price offers a good entry point before the half-yearly publication, ‘its stronger profile not being reflected in the valuation with a security still trading at a discount of around 20% compared to SGS’.
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