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Investing.com - Berenberg upgraded SGS SA (SIX:SGSN) stock rating from Hold to Buy and raised its price target to CHF100.00 from CHF97.00, citing the company’s restructuring progress and growth potential.
The Swiss inspection and certification company has shown improvement under the leadership of CEO Géraldine Picaud and CFO Marta Vlatchkova, who joined in early 2024, according to Berenberg’s analysis.
The research firm highlighted SGS’s "defensive revenue exposure" as a key factor that could drive mid-term growth and margin improvement beyond current market expectations.
Berenberg characterized SGS as a "business already of high quality" that offers investors a compelling restructuring story with further scope for improvement.
The upgrade reflects Berenberg’s confidence in management’s demonstrated ability to restructure what it describes as "a highly diversified business" since the new leadership team arrived earlier this year.
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