UBS has raised its recommendation on Bureau Veritas from 'sell' to 'neutral', with a price target raised from 24 to 29 euros, a new target which implies 8% upside potential for the French inspection and certification services group's shares.

The broker explains that it now sees broader growth drivers and has considerably raised its forecasts, following in-depth studies of the B&I (building and infrastructure), renewable energies and consumer goods businesses.

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