Elis: Morgan Stanley initiates coverage as a buyer
(CercleFinance.com) - Morgan Stanley has begun to monitor the Elis share with a buy rating ("outperform").
Its corresponding target price of 19 euros suggests around 20% upside potential.
Analysts distinguish Elis as the European leader in industrial laundry and related services, as well as for its growth and the potential to improve margins and cash generation.
Morgan Stanley therefore expects the stock to appreciate further in the coming months.
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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.
Its corresponding target price of 19 euros suggests around 20% upside potential.
Analysts distinguish Elis as the European leader in industrial laundry and related services, as well as for its growth and the potential to improve margins and cash generation.
Morgan Stanley therefore expects the stock to appreciate further in the coming months.
Copyright (c) 2019 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.