Report
Michael Foundoukidis

Faurecia : Les (bonnes) surprises désormais essentiellement derrière nous…

>Une pause après un excellent parcours boursier - Suite au changement d’analyste nous reprenons notre recommandation Neutre avec un objectif de cours de 65 €. Nous sommes devenus plus prudents sur Faurecia en début d’année car nous estimions que le manque de catalyseurs ne plaidait plus pour une poursuite de l’excellent parcours boursier et du rerating qu’avait connu le titre depuis le début 2017. Malgré le récent sell-off (-18% depuis 1M), nous maintenons cette prude...
Underlying
Faurecia SA

Faurecia is an automobile equipment supplier based in France. Co.'s activities can be divided into four business units: Automotive Seating (design of vehicle seats, manufacture of seating frames and adjustment mechanisms, and assembly of complete seating units); Emissions Control Technologies (design and manufacture of exhaust systems); Interior Systems (design and manufacture of instrument panels, door panels and modules, and acoustic components); and Automotive Exteriors (design and manufacture of front ends and safety modules). Some of Co.'s customers are PSA Peugeot Citroen, VW Group, Renault-Nissan, Ford Group, BMW and GM Group.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Michael Foundoukidis

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