Interroll: CS sees "no potential upside", starts with "neutral"

Interroll Holding AG

14/01/2020 07:53

** Credit Suisse starts Interroll  INRN.S , a Swiss
manufacturer for in-house logistics, with a "neutral" rating and
a price target of CHF 2,300, indicating "no potential upside"
    ** The brokerage says the company looks well positioned for
above-market growth in the coming years, but says that is priced
in already 
    ** "We believe consensus estimates for 2019 are slightly too
high at the top line," it adds
    ** CS sees new products and new plants as likely to have a
positive volume impact, and says it expects a strong holiday
season to lead to a boost in demand in Q1

 ((joanna.wodzicka@tr.com))