The analyst believes that margin forecasts for the second half of the year look cautious. The group seems ready for further growth, according to UBS.

UBS confirms its Buy recommendation on the share and leaves its price target unchanged at 250 E.

'Adjusted EBITA of 6% exceeded forecasts and the margin increased, while remaining cautious. Management is clearly forging a reputation for 'under- and over-performance'", says UBS.

On the occasion of its half-yearly publication, Schneider Electric indicated that it was slightly raising its 2024 target to now aim for organic growth of its adjusted EBITA between 9 and 13%, based on a margin assumption now between around 18.1 and 18.3%.

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