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Investing.com - Berenberg initiated coverage on Implenia AG (SWX:IMPN) with a Hold rating and a price target of CHF60.00 on Tuesday.
The Swiss construction and real estate services provider’s stock rating reflects "limited potential upside of c10%" according to the research firm’s analysis.
Berenberg described Implenia as "a leading integrated multinational construction and real estate services provider, headquartered near Zurich, Switzerland."
The firm noted that Implenia offers comprehensive services for complex construction projects in building and civil engineering sectors.
Rather than taking a negative stance on the stock, Berenberg analyst Patrick Laager indicated a preference for a neutral position, stating that several investment points justify the Hold rating.
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