Bryan Garnier - SOMFY (DAMA.PA) SOMFY: Could it be better ? | BUY | EUR139 vs. EUR123

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Bryan Garnier

Eric Lemarie

SOMFY: Could it be better ? | BUY | EUR139 vs. EUR123

SOMFY - BUY | EUR139 vs. EUR123 (+15%)
Could it be better ?

Strong growth in Q3, better than management expectations
On the back of a balanced performance by zone
Smart Home as one of the sector to benefit from the pandemic
Guidance upgraded. New target price at EUR139

21/10/2020 4 EN

Underlying

SOMFY

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Provider

Bryan Garnier

Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.

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Analysts

Eric Lemarie

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SOMFY: Could it be better ? | BUY | EUR139 vs. EUR123

SOMFY: Better 1H22 margin than expected, attractive valuation despite weakening demand | BUY | EUR155

SOMFY BUY | EUR155 Lower than expected Q2 sales: the storm is coming earlier and stronger than expected

TECHNOLOGY Excessive relative derating for Schneider and Somfy

ONWARD: from brainGPT to ARC-BCI – fireside chat with the founders

Avantium: joint-development progress in textiles

Egetis: Article highlights Emcitate's broad efficacy in MCT8 deficiency

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