Computacenter gains as Berenberg raises rating and PT
BUZZ-Computacenter gains as Berenberg raises rating and PT ** Shares of technology services provider Computacenter CCC.L up 3.4% at 4,734 pence, top gainer on London's FTSE 100 .FTSE
** Berenberg upgrades stock to "buy" from "hold", raises target price to 5,300p from 3,450p
** Brokerage says CCC has potential to meaningfully beat current consensus profit estimates** Says there is potential for strong momentum in North America and the UK, alongside improving performance in Germany, to drive faster growth
** Nine of 12 brokerages rate the stock "buy" or higher and three "hold", median PT is 4,800 pence - LSEG data
** Stock had risen 56.3% this year by Friday's close, compared with a 6.4% YTD increase in FTSE 100
(Reporting by Simone Lobo in Bengaluru)
((Simone.Lobo@thomsonreuters.com, +919920570373))