Sartorius Stedim Biotech: RBC starts monitoring as buyer
(CercleFinance.com) - Last night, RBC initiated an 'outperform' rating on Sartorius Stedim Biotech, with a target price of E270.
In a note, the Canadian broker considers that the underperformance of the biopharmaceutical equipment specialist is at odds with the company's fundamental recovery.
Sartorius Stedim Biotech's market shares resisted well during the Covid period and have since recovered, in line with those of its peers, the broker comments.
And yet, its share price has significantly underperformed those of its peers, due to downward revisions of its targets, which constitutes an opportunity for investors, it observes.
The professional believes that the company benefits from a 'solid positioning' in an 'attractive' market, that of the supply of materials for the manufacture of biological products and advanced therapies, such as gene therapies.
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