Orpea: Berenberg initiates coverage with 'hold'

(CercleFinance.com) - German broker Berenberg has started its coverage of French care home operator Orpea on Monday with a "hold" rating and a target price of 105 euros.


"The European dependent care market is supported by clear structural growth drivers, notably ageing populations and private care regimes," Berenberg said in a report on the sector.

Berenberg has also initiated coverage of Korian, another French care home operator, with a "buy" rating and target price of 44 euros.

Orpea shares are currently up 0.2% at 104.3 euros on Euronext Paris, while Korian jumps 2% at 33.2 euros.

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