In a report released today, Julien Onillon from Stifel Nicolaus maintained a Buy rating on MERSEN (0Q6Q – Research Report), with a price target of €40.00.
Julien Onillon has given his Buy rating due to a combination of factors that highlight MERSEN’s resilience and potential for growth despite current market challenges. The company has experienced a significant downturn in net profit and operating margin due to market declines and restructuring charges. However, MERSEN is expected to achieve a new record in EBITDA, driven by cost savings, reduced restructuring charges, and the benefits from recent acquisitions in the US.
Furthermore, signs of recovery in key markets such as semiconductors and photovoltaics, along with buoyant sectors like aerospace and rail, provide a positive outlook. MERSEN’s stock is trading at historically low valuation multiples, presenting a clear buying opportunity as the company is poised to benefit from market rebounds and favorable conditions in the latter part of the year.
According to TipRanks, Onillon is ranked #2282 out of 9339 analysts.