Kepler starts Hoist Finance with 'hold', says proof needed before further re-rating

Hoist Finance AB (publ)

30/09/2024 10:02

** Kepler Cheuvreux initiates Swedish debt restructuring
company Hoist Finance  HOFI.ST  with "hold" and a PT of SEK 95,
saying more proof is needed before the stock's re-rating can
continue
    ** It says Hoist is "in shape" after its rejuvenation
programme that helped it make vast profitability improvements
    ** The company is set for continued growth and operational
leverage, and the re-rating seen so far is justified, Kepler
says
    ** It notes Hoist's shares have surged nearly 230% in the
last 12 months, topping the sector, thanks to its "rosy" outlook
    ** The stock is up around 131% this year alone

 (Reporting by Marta Frąckowiak)
 ((marta.frackowiak@thomsonreuters.com))