Schneider Electric gains 2% and outperforms the trend in Paris, buoyed by favorable comments from UBS, which maintains its 'buy' rating and raises its target price for the energy management and automation specialist from €207 to €250.

In the summary of its note, the broker highlights 'a double-digit average annual EPS growth rate, underpinned by secular growth drivers and margin expansion', and believes that 'margin targets for 2024 look cautious'.

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