Goldman Sachs chief credit strategist Lotfi Karoui departs after 18 years - Bloomberg
Investing.com - Deutsche Bank raised its price target on 3i Group PLC (LON:III) to GBP46.00 from GBP45.00 on Friday, while maintaining a Buy rating on the private equity firm’s stock.
The price target increase follows 3i Group’s Capital Markets Day (CMD), which Deutsche Bank described as "compelling," providing insights into the company’s investment strategy for new portfolio companies WaterWipes and OMS, as well as recently divested businesses MPM and MAIT.
Deutsche Bank highlighted 3i’s clear investment thesis and targeted approach to selecting portfolio companies in sectors where the firm has deep understanding, noting that 3i is investing in "clearly defined structural growth areas."
In the consumer sector, 3i continues to back "clean," natural products with premium positioning, focusing on brands with global appeal and the potential to challenge market leaders, according to Deutsche Bank’s analysis.
For technology investments, the firm is targeting businesses with recurring revenue models in markets experiencing structural growth, particularly as companies increasingly outsource complex processes.
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