'Good entry opportunity,' Berenberg starts ALSO at 'buy'

Also Holding AG

05/08/2025 10:55

** Berenberg initiates coverage on Switzerland-based IT distributor ALSO ALSN.S with a "buy" rating, citing strong non-cyclical growth prospects

** The brokerage forecasts the IT distribution market will expand by 8% annually through 2027, driven by new technologies like AI, cloud, and cybersecurity solutions

** Berenberg highlights ALSO's position as Europe's second-largest IT distributor following its planned 2025 acquisition of UK-based competitor Westcoast

** "The fact that ALSO is trading below its closest peer group presents a good entry opportunity," Berenberg says, noting its attractive return profile

** ALSO shares are up 3.3% as of 0945 GMT

 (Reporting by Maria Rugamer)

 ((Maria.rugamer@thomsonreuters.com))