BofA ups Rexel to 'buy' as strong pricing drives margins

Rexel SA

08/05/2026 11:09

** Bank of America upgrades French electrical supplies distributor Rexel RXL.PA to "buy" as strong pricing momentum accelerates sales and profit margins

** Brokerage says momentum to offset expected softness in the construction sector across 2026

** BofA notes the company's portfolio reset is done and adds that North America is driving growth through automation, datacom and data centres

** Market fragmentation supports further consolidation opportunities for the company in the sector, broker adds

** Out of 14 analysts that cover Rexel SA, eight rate the stock "strong buy" or "buy,"​ four rate "hold" and two​ rate the stock "strong sell" or "sell" - LSEG data

 (Reporting by Leo Marchandon in Gdansk)

 ((leo.marchandon@thomsonreuters.com))