DB starts 'quality choice' Brembo with 'buy', shares rise

Brembo NV

28/06/2024 09:41

** Shares in Italy's Brembo  BRBI.MI  rise 1.7% to 10.43
euros after Deutsche Bank initiates the premium brake maker with
"buy"
    ** "Brembo represents a quality choice in the challenging
auto supplier environment, given above sector average EBIT
margin and leverage profile," DB says
    ** The broker sets a PT of 13 euros for Brembo and says the
current valuation is undemanding in light of its medium- to
long-term prospects
    ** The stock has lost around 6% YTD including Friday's rise​

($1 = 0.9349 euros)

 (Reporting by Alessandro Parodi)
 ((Alessandro.parodi@thomsonreuters.com))