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25 May 2022
Finance
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Kepler Cheuvreux initiates coverage of Claranova

The research firm initiates a Buy rating with a target price of €6.00

Claranova announces the initiation of coverage of its stock by Kepler Cheuvreux, with the publication of a study entitled “Get up and go“.

The research firm initiates a Buy rating on Claranova’s stock with a target price of €6.00 representing an estimated upside potential of 107% from the May 24, 2022 closing price of €2.90.

Following the initiation of the Claranova share by Bryan Garnier & Co in December 2021, this additional coverage will contribute to reinforcing the visibility of Claranova’s stock among French and international institutional investors and to broadening the Group’s investor base.

Kepler Cheuvreux joins the panel of financial analysts already following the stock which includes Bryan Garnier & Co, Edison, ODDO BHF, Portzamparc and Invest Securities, with a consensus target price of €7.25.

The Kepler Cheuvreux equity research report is available on the Group’s website in the “Analysts” section: https://www.claranova.com/en/investors/analysts/

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