'Less is more' - Kepler initiates technotrans with 'buy'

technotrans SE

07/12/2021 08:28

** Kepler Cheuvreux initiates technotrans  TTRGn.DE  with
"buy" and a EUR 33 price target, seeing the German thermal
management systems provider as "strongly positioned to benefit
from mounting for innovative cooling solutions"
    ** The broker sees the company's 2022 profitable growth
strategy possibly hindered by tightened regulations on the use
of refrigerants and fluorocarbons as well as by global supply
shortages, but expresses more enthusiasm for technotrans'
medium-term approach
    ** "The group's focus on fewer markets, but ones with
stronger growth and that are more profitable, is set to pay
off," it adds
    ** Kepler further positively views the company's expansion
from a systems partner in the printing industry into "new
lucrative niche markets," such as its market-leader position in
the European e-mobility rail sector
    ** All four analysts that cover technotrans rate the stock
"strong buy" or "buy"

 (Reporting by Alexander Kloss)
 ((alexander.kloss@thomsonreuters.com))