Trigano S.A. initiated with a Buy at UBS

UBS analyst Louise Wiseur initiated coverage of Trigano S.A. (TGNOF) with a Buy rating and EUR 150 price target Trigano is the European leader in the manufacture of leisure vehicles, the analyst tells investors in a research note. The firm acknowledges the short term is impacted by destocking at distributors, but thinks this is more than priced into the shares.