FLASH - Séché Environnement - Hold - The real price of good things - TP. €107.80
The very good 2022 results and the 2023 guidance confirm Séché Environnement's growth trajectory, which will lead it to reach its 2025 objectives this year. An Investor Day in H2 will set new targets. In the meantime, we believe that the stock is now correctly valued and we have downgraded our rating to Hold (3) from Strong Buy (1), with a TP raised to €107.8 (from €101.6 previously).Seche Environnement offers environmental management solutions for industrial clients or local authorities. Co. operates waste treatment and recovery facilities and develops tools to produce energy from waste. Co. also collects and sorts all types of waste, whether household or industrial, hazardous or non-hazardous. For local authorities, Co. manages household waste and other environmental concerns. Co. is engaged in thermal treatment, storage, methanization of household waste and production of alternative fuels. For industrial clients, Co. has developed products and services for handling industrial waste from waste production sites to elimination facilities.
Portzamparc is a subsidary of BNP Paribas which adapted the mission to contribute to responsible and sustainable growth of private clients, management companies and SMEs . They offer personalized support adapted to the objectives in particular for Small and Medium-Sized Enterprises.
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