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Investing.com - Berenberg has initiated coverage on ALSO Holding AG (SIX:ALSN) with a Buy rating and a price target of CHF320.00, representing a potential 30% upside from current levels.
ALSO Holding, a Switzerland-based IT distributor, operates across Europe connecting over 800 vendors with more than 135,000 value-added resellers, system integrators and retailers.
The company serves small and medium-sized businesses, governments and consumers through its extensive European network.
Berenberg notes that ALSO has built a diverse IT ecosystem over the past decade that spans hardware and software supply, IT solutions, and various cloud-based services.
The firm’s analyst Nicole Winkler issued the Buy recommendation based on ALSO’s established market position and comprehensive service offerings in the European IT distribution sector.
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