'From good to great', Berenberg starts Aalberts with 'buy'

Aalberts

16/12/2021 09:35

** Berenberg initiates the coverage of Aalberts  AALB.AS 
with "buy", saying the Dutch manufacturer is set to benefit from
attractive secular trends as the pandemic recedes
    ** "We envisage pockets of stronger tailwinds for some of
the company's end-markets and technologies," it notes, pointing
to building renovation and semiconductors boom
    ** Berenberg says Aalberts is also successfully optimising
its portfolio and improving profitability, which should drive
its EPS CAGR over the coming five years to 28% 
    ** The broker's 2020-2025 organic sales growth estimates
average 7%, which is double the rate at which the company has
grown its sales over the past five years, Berenberg adds
    ** It also anticipates strong rerating potential once there
are tangible signs of Aalberts' new targets execution, which
should be "evident" in Q4 2021  urn:newsml:reuters.com:*:nFWN2SM1HO
    ** On five analysts covering the stock of Aalberts, which
has gained around 50% year-to-date, two rate it "buy" and three
rate it "hold"

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))