Berenberg cuts PVA Tepla seeing growth drives priced in

Pva Tepla AG

20/08/2021 07:59

** Berenberg cuts German industrial equipment maker PVA
Tepla  TPEG.DE  to "hold" from "buy", saying the company's
strong growth prospects are already reflected in the share price
    ** After a large capacity expansion announcement from one of
its biggest customers and an order boom in Q2, the share price
soared 51% so far this year, Berenberg says  urn:newsml:reuters.com:*:nASN001HHZ
 urn:newsml:reuters.com:*:nNDL74BfXm
    ** It adds PVA is trading at a 4% discount to larger rival
Aixtron  AIXGn.DE  but at a 12% premium to its wider set of
peers, which makes its risk/reward profile less attractive
    ** Out of seven analysts that cover PVA Tepla, five rate it
"strong buy" or "buy" and two "hold"

 (Reporting by Zuzanna Szymanska)
 ((zuzanna.szymanska@tr.com))