Bending Spoons soars after Berkshire boosts bet
BUZZ-Bending Spoons soars after Berkshire boosts bet ** Shares of Italian tech firm Bending Spoons BSP.O soar as much as 11.3% on Thurs to $59.50, highest since their summer public debut, a day after Berkshire Hathaway BRKa.N boosted its stake
** BSP ultimately surged 41% on Weds after Berkshire invested another $330 mln, building on the conglomerate's $600 mln investment in the AOL, Vimeo owner's IPO
** Berkshire's ownership in co now stands at 4%
** BSP opened at $31 on Jul 1 after public offering priced at $29 on Jun 30; stock on Thurs surpasses previous post-IPO intraday high of $58.94 hit on Aug 11
** Of 12 analysts covering the stock, 8 rate "strong buy" or "buy", 3 rate "hold" and 1 recommends "sell"; median PT $48, per LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
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