(News Bulletin 247) – Stifel reaffirms its ‘buy’ recommendation on Mersen with a price target raised from 50 to 54 euros, returning to the publication of 2022 results deemed ‘impressive’ and solid objectives for 2023.
According to the broker, this publication from last week demonstrated once again that the industrial group specializing in graphite ‘benefits from a strong underlying dynamic linked to the energy transition’.
Stifel now anticipates organic growth of 8% per year over the period 2021-27. He thinks that ‘the new growth plan and the new leadership in SiC will give a new dimension to the group which would justify new multiples’.
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