AVVYY - Schneider Electric Skids As Investors Dim Lights On Electrification Automation

• Schneider has continued to offer solid growth guidance and good quarters, but the Street seems tired of the automation/electrification theme.
• I expect Schneider to grow revenue at a rate roughly double developed market IP growth, with improving margins, for the next decade on the back of automation, digitalization, and electrification.
• Schneider shares now offer a double-digit near-term return and a solid high single-digit long-term return, making this a pullback worth considering.

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