Quadient: TP ICAP Midcap initiates buy coverage

(CercleFinance.com) - TP ICAP Midcap announced on Wednesday that it had initiated buy coverage on Quadient shares, with a target price of 29 euros.


'Quadient seems to be outlasting the market's patience', notes the investment bank in its study.

But given the strengths and resilience of the company's legacy business, there's no urgency to it, so it could last for a long time yet", TP ICAP points out.

"This is not a good enough reason not to value the business at its fair value", says the brokerage firm, whose target shows a potential upside of over 52%.

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