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Mediobanca on Gefran u2014 increased target price and better ratings
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Mediobanca on Gefran — increased target price and better ratings Mediobanca on Gefran —The leading investment bank in Italy has increased the target price on Gefran. The target price identified for the international manufacturer of sensors, electronic components, drives, and control systems for industrial machine automation rose to 13 euros (from 12.80 euros). The banking group also upgraded its rating on the company’s stock from neutral to outperform. This rating reflects Gefran’s recent performance, reaching excellent volumes and margins, even above the pre-pandemic period, thanks to solid demand for automation products combined with its competitive offering in sensor technology.
According to Mediobanca, Gefran has been able to effectively manage supply chain disruptions thanks to its vertically integrated business model, “which provides valuable levers to mitigate shortages.” Results achieved by the company in 2022’s Q1 were describedas “solid”. and the fiscal outlook for the months ahead is positive, as product demand is forecasted to be “far from exhausted” and growing volumes should be “a key support for margin resilience.” Our Top Keywords :- Pressure Sensors Endress Hauser Nokian Tyres Endress Hauser Promag Pneumax Cylinder Industrial Supply Near Thermocouple Connectors Rexroth Hydraulics Pump