Suez : 9M 2021 slightly better than expectations with almost a return to normal
>Rating and target price unchanged - Based on Suez’s performances at end-September, which were slightly better than we expected, showing a continued return to almost normal business levels, buoyed by volume effects (water and waste) and prices that benefited either from inflation (water), or the increase in services and second raw materials prices (waste), our Tender shares rating and € 19.85 target price are unchanged.Continuing operating trends - Su...Suez is active in each stage of the water and waste cycles. Co. is organized around three main segments: Water Europe (water distribution and treatment services, particularly under concession contracts, to individuals, local authorities and industrial clients); Waste Europe (waste collection and treatment services for local authorities and industrial clients; these services include collection, sorting, recycling, composting, energy recovery and landfilling for both non-hazardous and hazardous waste) and International (water, waste and engineering services, with a special focus on risk-management resulting from specific local environments by setting up partnerships).
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.
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