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Investing.com - JPMorgan upgraded Schneider Electric SE (EPA:SCHN) (OTC:SBGSY) from Neutral to Overweight on Thursday, while raising its price target to EUR285.00 from EUR220.00.
The upgrade comes despite Schneider Electric’s stock underperforming by approximately 25% year-to-date, which JPMorgan acknowledges as "deserving" based on the company’s performance.
JPMorgan’s bullish stance is not centered around Schneider’s upcoming Capital Markets Day on December 11, where the firm still sees "scope to mildly underwhelm," but rather on valuation factors.
The investment bank believes previous concerns about Schneider’s organic topline outlook and lack of leverage are now priced into the forward valuation, offering "a derisked and attractive entry point" considering the mid-term compounding nature of earnings.
JPMorgan’s new price target of EUR285.00 is based on a June 2027 outlook, extended from the previous December 2026 target of EUR220.00.
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