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Schaeffler AG : We expect a strong Q4 2020; upgrade to Buy (vs Neutral). New target price at € 8.00 (vs € 7.30)
>We expect 2020 results to come in above guidance - Schaeffler is due to report 2020 results on 4 March. We expect Schaeffler to report an attractive set of 2020 results ahead of guidance and consensus expectations on the back of strong Q4 2020e in Automotive Technologies characterised by i/ a more pronounced pick-up of global LV production (IHS Jan. est.: +2% y-o-y, upward revision of +180bp vs Dec.) and ii/ a COVID-19 pandemic related lower internal cost base. For ...
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Schaeffler AG
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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.
Harald Eggeling
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