Jefferies sees positive momentum for Cint, ups to "buy"

Cint AB (publ)

14/12/2021 07:48

** Jefferies upgrades Swedish software company Cint Group
 CINT.ST  to "buy" from "hold", raises TP by 86% to NOK 160 
($17.69)
   ** The brokerage says Cint is likely to have a strong organic
momentum in Q4 and into 2022, sees the co as one of the fastest
growth names in European tech
   ** Says positive Q3 result along with strategically
significant acquisition of Lucid creates a new positive dynamic
for the company  urn:newsml:reuters.com:*:nFWN2RN29U
   ** Jefferies now forecast 4Q21 organic growth of 25% and FY22
organic growth of 22% for the company
   ** All four analysts that cover Cint Group AB rate the stock
"strong buy" or "buy"


($1 = 9.0423 Norwegian crowns)

 (Reporting by Tommy Lund)
 ((Tommyalexander.lund@thomsonreuters.com))