(News Bulletin 247) – Berenberg announced on Friday that it had added the Seb stock to its list of preferred mid-caps (‘top picks’) as part of its list reshuffle for the month of April.
The analyst said to expect an acceleration in sales of the manufacturer of small electrical appliances in the coming months which – combined with a reduction in its costs – should support its profit margins.
The intermediary displays a buy recommendation with a target price of 128 euros.
Berenberg’s list includes fifteen stocks including Kinepolis, TeamViewer, Barco and Elis.
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