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Investing.com - Berenberg initiated coverage on Exosens SAS (EPA:EXENS) with a Buy rating and a price target of €57.00, citing the company’s strong positioning in the night-vision equipment market.
The European industrial technology company specializes in high-performance amplification, detection and imaging solutions, with approximately 72% of its revenue coming from the defence sector, according to Berenberg.
Exosens is a strategic supplier to NATO and is particularly known for its image intensifier tubes (IITs), which are critical components in the manufacture of night-vision equipment.
Berenberg noted that while Exosens shares have already performed strongly due to current defence spending momentum, the stock price does not fully reflect the growth potential of the niche night-vision equipment market or the company’s strong position within that space.
The €57.00 price target represents approximately 20% upside potential, with Berenberg also highlighting Exosens’ targeted M&A strategy to fuel growth beyond the defence industry.
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