Huber+Suhner: Baader ups to 'buy' on long-term potential

Huber+suhner AG

07/04/2021 07:02

** Baader Helvea ups Swiss electrical and optical connection
developer Huber+Suhner  HUBN.S  (H+S) to "buy" from "hold" and
adds it to its top picks, citing positive long-term perspectives
    ** H+S should benefit from demand for high-end communication
investments, continued recovery after pandemic-related effects
and a strong product mix, the broker says
    ** From 2022, the company should also start making gains
from the simplification of organization it announced in
December, Baader says  urn:newsml:reuters.com:*:nFWN2IN16F
    ** The broker adds H+S' very strong balance sheet is an
advantage in the cyclical and growing markets where it operates
    ** The solid cash position also makes H+S management likely
to look into acquisitions or return more cash to shareholders if
they do not find suitable candidates in 6-18 months, Baader says
    ** Out of six analysts that cover Huber+Suhner, three rate
it "strong buy" or "buy" and three "hold"

 ((zuzanna.szymanska@tr.com))