UBS Belässt Valeo auf 'Buy' - Ziel 13 Euro

UBS reaffirms 'Buy' rating for Valeo, sets price target at €13

Swiss bank maintains positive outlook on automotive supplier, citing strong order intake and cost-cutting measures

Zurich, Switzerland - UBS has reiterated its "Buy" rating for French automotive supplier Valeo, with a price target of €13.00 per share. The Swiss bank's analysts believe that Valeo is well-positioned to benefit from the recovery in the automotive industry, supported by its strong order intake and cost-cutting measures.

In a research note published today, UBS highlighted Valeo's recent order intake, which has been driven by the growing demand for electric and hybrid vehicles. The bank's analysts believe that Valeo is well-positioned to capitalize on this trend, given its strong portfolio of technologies in these areas.

UBS also praised Valeo's cost-cutting measures, which have helped to improve the company's profitability. The bank's analysts believe that these measures will continue to benefit Valeo in the future, as the company looks to further improve its margins.

Overall, UBS believes that Valeo is a well-managed company with a strong track record of innovation. The bank's analysts believe that the company is well-positioned to benefit from the recovery in the automotive industry, and they maintain their "Buy" rating for the stock.