Eurofins: Credit Suisse raises target price
(CercleFinance.com) - Credit Suisse reaffirms its "outperform" rating on the Eurofins Scientific share, while raising its target price from 680 euros to 735 euros, after the broker raised its forecasts for the bioanalytical service provider over the period 2020-22.
"We continue to think that Eurofins can generate sustainable growth with rising EBITDA margins and FCF generation driven by the completion of its 5 year growth program and maturation of its network," the broker believes.
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