Elekta initiated with a Hold at Deutsche Bank

Deutsche Bank analyst Falko Friedrichs initiated coverage of Elekta with a Hold rating and SEK 70 price target. Elekta is a global leader and pure-play company in the structurally growing radiotherapy solutions market, but its visibility on short-term developments in its end markets appears limited, as underlined by the company’s recent disappointing Q4 results, the analyst tells investors in a research note.