Two brokers upgrade Barco as demand recovers across markets

Barco NV

14/02/2022 10:18

** KBC upgrades Belgian visual technology firm Barco
 BAR.BR  to "accumulate" from "hold" citing indications of
demand recovery across all its business units and regions
    ** "There is a light at the end of every tunnel. Some
tunnels just happen to be longer than others," the broker says,
pointing to better sales and orders towards the end of last year
    ** ING separately highlights a "new start" post-pandemic,
raising Barco to "buy" from "hold" saying it expects very strong
earnings momentum going forward
    ** Barco last week reported a 31% rise in FY orders to EUR
979 mln ($1.11 bln), starting 2022 with a strong order book
 urn:newsml:reuters.com:*:nFWN2UK1KN
    ** Of five analysts covering the stock, up by around 3.6%
YTD, four rate it "strong buy" or "buy" and one "hold"
    ** Shares are up 4.2% as of 0925 GMT

($1 = 0.8845 euros)

 (Reporting by Khadija Adda-Rezig)
 ((khadija.adda-rezig@thomsonreuters.com))