Report
Anthony Dick ...
  • Michael Foundoukidis

Faurecia : Une sanction exagérée qui offre une opportunité d’Achat

>Opinion relevée à Achat vs Neutre - OC à 45 € vs 35 € - Faurecia est ressortie comme la « victime collatérale » de la révision des termes financiers du rapprochement entre PSA et FCA (cf. étude dédiée publiée ce jour) avec une baisse de son cours de 13% depuis. Alors que le spin-off est confirmé et que l’équipementier devrait être parmi les premiers bénéficiaires de l’amélioration de l’environnement, nous voyons ici une opportunité de relever notre opinion à Achat vs...
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
Anthony Dick

Michael Foundoukidis

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