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Tecan initiated with a Buy at Berenberg

Berenberg analyst Harry Gillis initiated coverage of Tecan (TCHBF) with a Buy rating and CHF 220 price target Tecan is a high-quality Swiss provider of life sciences and diagnostic lab automation equipment and medical device manufacturing, the analyst tells investors in a research note. The firm says the company is well positioned to achieve mid- to high-single-digit medium-term revenue growth.

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