Suez : H1 20 a shade better than anticipated and 2020 trajectory in line with forecasts
>Buy recommendation and target price of € 13.0 maintained - At the publication of H1 2020 earnings which came in a shade above our forecasts and in line with the press release of 1 July, we are sticking with our Buy recommendation on the stock. Management’s message remains cautious, but activity has been picking up since the end of June with, for a number of economic sectors, a return to 2019 levels. Our forecasts for 2020 are in line with the guidance issued for the ...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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