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Veolia upgraded to Buy with €32.5 target, citing strong earnings and margin gains despite debt risks.

Analyst Insights
07 Sep 2026
Seeking Alpha
View Source
Bullish
Veolia upgraded to Buy with €32.5 target, citing strong earnings and margin gains despite debt risks.

Veolia has been upgraded to a 'Buy' rating with a new price target of €32.5 per share following recent share price declines. The company shows resilient earnings growth, improved margins, and effective disposal execution despite sector challenges and elevated debt from its Clean Earth acquisition. Its EBITDA and net income have exceeded expectations, supported by margin gains and efficiency savings in the first half of 2026. While risks remain around debt levels and weakness in the Water Tech segment, Veolia's diversified expansion and growth prospects from Clean Earth and Middle East initiatives support a positive investment outlook.

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Essential Properties Realty Trust shows strong AFFO growth and dividend safety, rated Buy for 2024 value.

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