Suez : Just a little more patience and time needed
>Buy recommendation and target price of € 15.6 maintained - In light of the H1 operating figures broadly in line with our forecasts and management’s comments at the conference call regarding the industrial and financial trajectory of the group's new strategy (to be unveiled by end-October), we confirm our Buy recommendation and target price of € 15.60. Our target price is based on an average of a DCF (€ 13.90 with a WACC of 6.26% and a perpetual growth rate of 1.80%) ...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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