Eurofins: Jefferies upgrades stock
(CercleFinance.com) - Jefferies has upgraded its rating on the Eurofins Scientific stock from "hold" to "buy," having raised its corresponding target price from 430 euros to 700 euros, after it raised its 2021 EPS estimate by 21% for the bioanalysis services group.
"Versus the start of this year we forecast a faster deleverage and see upside risk to earnings," the broker says, for which "In that context a share price +16% YTD is not overdone".
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