(News Bulletin 247) – Berenberg announced on Thursday that it had added Euroapi to the list of its favorite European midcaps, alongside six other stocks including SES-imagotag.
In its note, the German financial intermediary explains that the semi-annual results of the specialist in active pharmaceutical ingredients have confirmed the resistance of its activity, but also reinforced its confidence in the achievement of the group’s annual objectives.
‘We believe the business will continue to win new CDMO contracts while its margin profile should improve on the back of the effectiveness of its operational initiatives and its ability to pass on high costs to its customers. customers’, explains the analyst.
Berenberg displays a buy recommendation and a target price of 16.9 euros on the title.
Berenberg’s ‘European Mid-Cap’ list brings together its teams’ 15 favorite stocks from the 142 companies the intermediary currently tracks.
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