va-Q-tec: Berenberg ups to "buy"

va Q tec AG

22/11/2019 07:06

** Berenberg upgrades German vacuum insulation solutions
maker va-Q-tec  VQTG.DE  to "buy" from "hold", raises TP to EUR
14.5 from EUR 9
    ** The brokerage says it is increasingly positive heading
into Q4 and 2020 due to strong order pipeline in the Systems
division, further growth in the container rental business, and
potential new pharmaceutical customer wins
    ** Berenberg also expect free cash flow breakeven in H2
2020, which could further restore investor confidence

 ((Tommyalexander.lund@thomsonreuters.com))