Elis: stock shines on broker comments
(CercleFinance.com) - Elis shares are up nearly 4%, following favourable comments from Bank of America, which added the industrial laundry group's stock to its "SMID Cap Europe Best Ideas" list with a new target price of E23.
The broker points out that the stock is trading at 25% to 30% below mid-cycle multiples "despite... strong near-term momentum and positive EPS revisions (we are 5-8% above cons.); 2) better organic growth in the mid-term".
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