Technotrans: Berenberg initiates with "buy"
22/08/2019 07:33
** Berenberg initiates liquid cooling technologies and
solutions company technotrans SE TTRGn.DE with a "buy" rating
and target price of EUR 25
** The market underestimates the potential upside from
Technotrans' growing e-mobility business, Berenberg says
** It says the company has significant potential for growth
if battery power expands beyond cars and into other fields
** Acquisitions in the company's case are still likely, but
only if accretive, the broker adds
** The brokerage points out the ongoing implementation of
lean production should begin to clearly benefit margins from
2020 onwards
** It says the company can reach an 8.5% EBIT margin by 2021
((marta.frackowiak@tr.com))