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CTEC - ConvaTec News Story

232p 1.5  0.7%

Last Trade - 07/05/21

Sector
Healthcare
Size
Large Cap
Market Cap £4.65bn
Enterprise Value £5.35bn
Revenue £1.36bn
Position in Universe 198th / 1821

BUZZ-Coloplast: Barclays ups after recent sell-off

Mon 8th March, 2021 9:28am
** Barclays upgrades Danish medical device maker Coloplast
 COLOb.CO  to "equal-weight" from "underweight", raises TP by
1.7% to DKK 890, after recent underperformance in the shares due
to market rotation
    ** According to the broker, the shares sell-off has been
driven by the market rotation out of quality stocks and into
value and a weaker operating environment in the UK
    ** The brokerage sees improving momentum in the company's
underlying business and says valuation is less excessive
    ** Barclays continues to view Coloplast as a best-in-class
company with superior products seeing upside risk, but still
prefers ConvaTec  CTEC.L  due to strong turnaround potential
    

 ((marta.frackowiak@thomsonreuters.com))
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