Orpea: Berenberg upgrades stock

(CercleFinance.com) - Berenberg has upgraded its rating on the Orpea share from "sell" to "hold", having increased its corresponding target price from 81 to 100 euros, highlighting that the care home group is "surprising resilient".


"Orpea has shown a good degree of operational resilience since the start of the year and, in our view, the successful handling of the pandemic thus far should allow multiples to hold," the broker says


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