Sonae
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Sonae
LONDON, February 15 (newratings.com) - Analysts at BCP Investimento Research reiterate their "buy" rating on Sonae (SOZ.STU). The target price has been raised from €1.26 to €1.28.
In a research note published yesterday, the analysts mention that the company has sold its stake in Gescartão to Europac. The analyst expects the transaction to generate €97.9 million in cash inflows for Sonae. According to BCP Investimento Research, Gescartão was not a strategic fit for Sonae's portfolio and its sale is positive for the company's near-term growth.
In a research note published yesterday, the analysts mention that the company has sold its stake in Gescartão to Europac. The analyst expects the transaction to generate €97.9 million in cash inflows for Sonae. According to BCP Investimento Research, Gescartão was not a strategic fit for Sonae's portfolio and its sale is positive for the company's near-term growth.
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- Registado: 1/6/2004 19:09
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