Suez "buy"

01/02/07 - Dexia Securities

LONDON, January 2 (newratings.com) - Analyst Steven Deproost of Dexia Securities maintains his "buy" rating on Suez (SZE-EUR). The target price is set to €39.3.

In a research note published this morning, the analyst mentions that that Groupe Artemis, which is a family holding of Pinault, is expected to provide a statement regarding the rumours of Groupe Artemis making a €70 billion takeover bid for Suez early this week. According to the analyst, Pinault is unlikely to bid and would be unable to fund the acquisition without selling part of its PPR stake.