Solvay ‘Fundamentally’ Undervalued, 2015 Top Pick at Barclays
2015-03-20 07:51:14.149 GMT
By Chiara Remondini
(Bloomberg) -- Solvay PT raised to EU154 vs EU135 at
Barclays (overweight), says co. is both growth and
transformation story, according to note.
* Brokerage says quality of portfolio not reflected in shr
price, more focused co. may lead to higher valuatio
* P/E multiple investors willing to pay for Solvay has
been increasing, expects trend to continue
* Sees strong earnings momentum this yr: Silica, Specialty
Plastics, Soda Ash to probably be main earnings drivers
in 2015
* 2016 should be another yr of “double-digit” earnings
growth
* Barclays says co. making progress in optimizing
portfolio, “more to come”
* Personal care, high performance plastics potential areas
for M&A
* Personal care, high performance plastics potential areas
for M&A</li></ul>
* NOTE yday: Solvay, Ineos find buyer for plants blocking
merger in PVC
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To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net
2015-03-20 07:51:14.149 GMT
By Chiara Remondini
(Bloomberg) -- Solvay PT raised to EU154 vs EU135 at
Barclays (overweight), says co. is both growth and
transformation story, according to note.
* Brokerage says quality of portfolio not reflected in shr
price, more focused co. may lead to higher valuatio
* P/E multiple investors willing to pay for Solvay has
been increasing, expects trend to continue
* Sees strong earnings momentum this yr: Silica, Specialty
Plastics, Soda Ash to probably be main earnings drivers
in 2015
* 2016 should be another yr of “double-digit” earnings
growth
* Barclays says co. making progress in optimizing
portfolio, “more to come”
* Personal care, high performance plastics potential areas
for M&A
* Personal care, high performance plastics potential areas
for M&A</li></ul>
* NOTE yday: Solvay, Ineos find buyer for plants blocking
merger in PVC
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Chiara Remondini in Milan at +39-02-8064-4241 or
cremondini@bloomberg.net
To contact the editor responsible for this story:
James Ludden at +44-20-3525-2645 or
jludden@bloomberg.net