Eurofins: Jefferies raises target price

(CercleFinance.com) - Jefferies said on Monday that it had raised its target price for the Eurofins Scientific share to 92 euros (from 82 euros), highlighting the company's "unique" quality.


In a research note, the US broker - which has a buy rating on the share of the French diagnostics specialist - believes that Covid testing should remain a driver of earnings growth this year.

Over the longer term, Jefferies believes that markets such as direct-to-consumer testing, as well as return-to-work, events and travel testing, could end up being a bridge to more sustainable growth.

The share is up 3.5% at almost 82 euros on Monday afternoon.


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