KBC moves Barco to 'hold' on limited upside

Barco NV

17/06/2025 08:28

** KBC Securities downgrades Belgian visual technology group Barco BAR.BR to "hold" from "accumulate" citing a "limited upside from current levels"

** "Despite Barco not updating its guidance due to ongoing uncertainties, the share price has rallied strongly," broker says

** Shares down 4% at 0723 GMT; up to Monday's close they were up 23% YTD

** KBC says impact from US tariffs on customer demand and investment decisions remains uncertain

** Broker raises its PT by 4.5% to EUR 14.0 due to multiple expansion and rolling forward DCF

** Out of seven analysts that cover Barco, four rate the stock "strong buy" or "buy" and ​three rate it "hold" - LSEG data

 (Reporting by Dimitri Rhodes)

 ((Dimitri.rhodes@thomsonreuters.com))