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Elis: Crédit Suisse raises target price

(CercleFinance.com) - Crédit Suisse maintains its "underperform" rating on the Elis share, with "concern around the speed of recovery in end-markets", although has added one euro to its target price for the industrial laundry group's share - from 8.
5 euros to 9.5 euros.

The broker has raised its EPS estimates by 12-33%, "as management exceeded expectations in delivering yoy EBITDA margin improvement in H120, with early and substantial cost cutting initiatives".


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