Robertet: stock up - broker initiates coverage as buyer

(CercleFinance.com) - Robertet shares are up nearly 3% on positive comments from Jefferies, which initiates its coverage of it with a 'buy' recommendation and a target price of E1,040, as well as EBITDA estimates 4% above consensus over the next three years.


In a fast-growing fragrance market, Robertet's competitive advantages include differentiated access to raw materials, customer focus and a long-term perspective as a family-owned business, the broker points out.


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