Eurofins: Credit Suisse raises target price

(CercleFinance.com) - Credit Suisse has reinstated its "outperform" rating on the Eurofins share, while raising its target price from 540 euros to 600 euros, after the broker increased its 2020 and 2022 EPS estimates by 2%-3% to reflect support to revenues Covid-19 test products.


"We estimate c.E400m incremental revenues in 2020E from Covid-19 related products but note the core products have a potential annualized revenue of c. E2.8bn at full capacity," the broker says.


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