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TECN Tecan AG News Story

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Tecan slides as it confirms mid-term guidance

** Shares in Tecan TECN.S fall 5.4% after the laboratory instruments provider maintained its mid-term outlook and posted its Q3 results

** The weak reaction is "in light of the confirmed specified sales guidance," analysts at UBS say

** UBS adds that the guidance implies mid-single-digit downside to current 2025 EPS consensus estimates

** Vontobel analysts see 2025 and now also 2026 as transitional years, adding that sentiment on the stock remains mixed

** Shares undeperform pan-European .STOXX, which is up 0.4%

 (Reporting by Paolo Laudani)

 ((Paolo.laudani@thomsonreuters.com))

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