Rexel: share price rises, BofA raises guidance
In a sector note, BofA, which praises the group's ability to pass on cost increases in its sales prices, highlights the company's dynamic business performance at the end of last year, thanks in particular to the strength of the US market.
Against this backdrop, the broker has raised its target price from 21 to 22 euros, with the recommendation maintained at "buy".
At 2:30 pm, the share price was up 1.6%, while at the same time the SBF 120 index was down 0.1%.
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