Barco: Berenberg maintains 'buy', sees 'significant upside'
(CercleFinance.com) - Berenberg maintains a "buy" rating on Barco, with a target price of 130 euros, after the Belgian visual technology company delivered margin expansion in 2017.
In a report to clients, the broker says it now sees "significant upside" on management's initial 12-14% medium-term guidance.
"We maintain our view that there is potential to increase profitability beyond this 12-14% guidance with the addition of more software and services to Barco's mix," Berenberg said.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
In a report to clients, the broker says it now sees "significant upside" on management's initial 12-14% medium-term guidance.
"We maintain our view that there is potential to increase profitability beyond this 12-14% guidance with the addition of more software and services to Barco's mix," Berenberg said.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.