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CCC — Computacenter News Story

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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))

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