Schneider Electric Kept at Outperform as RBC Sees Further Operating Leverage Upside Potential

02:46 AM EDT, 07/31/2026 (MT Newswires) -- RBC Capital Markets reiterated its outperform rating on Schneider Electric (SU.PA), as analysts see further upside risk for the company's operating leverage in the second half and the longer term after "strong" first-half earnings. "Schneider's FY guide for 10-13% FY sales growth implies H2 at ~6-12%. This is despite Q2 growth accelerating to +17% from +11% in Q1. Some of this reflects the shape of the comparables, but with continued very strong datacenter growth and improved momentum in building and industrial markets, we do not see end market growth slowing. With our forecasts set at the top end of this range, it is broadly [in line] with the average H1/H2 weighting of the last decade at Schneider (especially when considering that FX switches to a tailwind from a headwind in H2)," according to a Thursday note. Against this backdrop, the research firm raised its full-year 2026 EBITA estimate by 5%, positioning its forecast slightly above management's new adjusted EBITA organic growth target range of 14% to 19%. Analysts also boosted their revenue and EPS projections for 2026 through 2028. RBC has a price target of 320 euros on the French energy management and automation company.