SGS: Bryan Garnier raises target price.

(CercleFinance.com) - Bryan Garnier has confirmed its “buy” rating SGS and has increased its fair value from 2,300 Swiss francs to 2,370 Swiss francs, given the confident attitude displayed by the Swiss inspection specialist for 2017.


"Energy related businesses remain challenging but the market is expected to stabilise and results should benefit from two years of restructuring and cost reductions", the broker underlines.

“As such, even if growth was a bit slower than our forecast, management sounds confident with a like-for-like revenue growth improvement compared with 2016 and a better margin” it continues.

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