Oddo BHF confirms its 'outperform' opinion on Schneider Electric and raises its target price from 250 to 255 euros, following a 'better-than-expected' second quarter 2024, which 'reassures on the group's resilience'.

According to the research house, organic growth of 7.1% over this period 'lends credence to the top-line guidance'. Oddo BHF has, however, marginally revised its EPS figures downwards (-0.7%), taking into account a more unfavorable currency effect.

'The Group is showing positive signs in this earnings season, and benefits from its positioning in segments with high growth potential (grid, datacenters, software, infrastructure, etc.)', the analyst nevertheless judges.

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