UBS has raised its recommendation on Plastic Omnium from 'sell' to 'neutral', despite a reduction in its target price from 14 to 11.8 euros. The new target implies a potential upside of 4% for the French automotive supplier's shares.

The risks associated with the evolution of the product portfolio are well reflected in the current share price," says the broker, who has nevertheless reduced its EPS forecasts for fiscal years 2023 to 2025 by around 25% to 40% to reflect the difficult dynamics of the sector.

Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.