Elis: Crédit Suisse raises target price
(CercleFinance.com) - Crédit Suisse maintains its "underperform" rating on the Elis share, with "concern around the speed of recovery in end-markets", although has added one euro to its target price for the industrial laundry group's share - from 8.
5 euros to 9.5 euros.
The broker has raised its EPS estimates by 12-33%, "as management exceeded expectations in delivering yoy EBITDA margin improvement in H120, with early and substantial cost cutting initiatives".
Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.