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On Friday, Berenberg analysts initiated coverage of Huber+Suhner AG (SWX:HUBN) stock with a Buy rating. The analysts set a price target of CHF100.00, highlighting the company’s strong position in various sectors.
Huber+Suhner, based in Switzerland, is a prominent manufacturer of electrical and optical connectivity products. The company produces cables, connectors, antennas, adaptors, and transceivers, serving diverse applications and end-markets.
The analysts emphasized the company’s potential for growth in the aerospace and defense, and data center markets. They noted that Huber+Suhner is well-positioned to benefit from anticipated growth inflections in these sectors in the mid-term.
The initiation of coverage and the Buy rating reflect Berenberg’s positive outlook on the company’s ability to capture market opportunities. The CHF100 price target suggests confidence in Huber+Suhner’s future performance.
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