Berenberg ups Accelleron to 'buy' on robust mid-term growth prospects
BUZZ-Berenberg ups Accelleron to 'buy' on robust mid-term growth prospects ** Berenberg upgrades Swiss turbocharger maker Accelleron ACLN.S to "buy" from "hold", citing stronger medium-term growth outlook
** Brokerage expects robust demand in the marine market, offering Accelleron with strong earnings visibility and additional opportunities to expand its service business
** Berenberg also sees the energy segment providing additional tailwinds for the company, as power demand from data-centres is expected to rise over the coming years
** Accelleron benefits from attractive recurring aftermarket revenues, with around 75% of sales generated from services linked to its current and future installed base of turbochargers, the broker adds
** As of 07:36 GMT, the company's shares are up 9%, topping the Swiss mid cap index .SMIM and rising 33.39% YTD
($1 = 0.8106 Swiss francs)
(Conrad Kuepper)