Reuters logo
BUZZ-Berendsen: among top midcap gainers as CS hints at M&A, buyback potential
February 12, 2016 / 9:37 AM / 2 years ago

BUZZ-Berendsen: among top midcap gainers as CS hints at M&A, buyback potential

** Berendsen +4 pct in hefty vols & on track for sharpest gain in just under 2 yrs as Credit Suisse raises to “outperform” from “neutral”, TP to 1250p from 1100p

** Commercial laundry co’s balance sheet under-geared vs history, peer group creating opportunity for M&A, share buybacks or both, CS says

** Also cites opportunities for margin increase, particularly in workwear unit

** 8 “buy” or higher, 2 “hold” and 1 “sell” or lower on stock, analysts’ median PT 1208p

** Stock 4th top FTSE 250 gainer with nearly half of daily avg volume through in 1.5 hrs (RM: esha.vaish.thomsonreuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below