Synlab rises in early trade after FY guidance upgrade

Synlab AG

06/10/2021 07:52

** Shares in Synlab  SYAB.DE  are up 2% in Frankfurt early
trade after the laboratory services group raised its FY
guidance, citing higher COVID-19 testing volumes  urn:newsml:reuters.com:*:nASN001QC1 
    ** Jefferies sees this development positively 
    ** It adds the resulting higher free cash flow can be
redeployed into the group's M&A strategy and used to lower
leverage level
    ** The stock is among the top movers on the German small cap
SDAX  .SDAXI  index

 (Reporting by Veronica Snoj)
 ((Veronica.snoj@tr.com))