Montega Reiterates Buy on FACC AG With €12 Price Target

Reuters11-13
Montega Reiterates Buy on FACC AG With €12 Price Target

Montega AG has reiterated its "Buy" rating on FACC AG, setting a 12-month price target of 12.00 EUR following the company's third quarter report. The research highlights FACC's continued growth trajectory, supported by rising production rates from original equipment manufacturers and progress in the company's CORE program. Despite the seasonally weaker third quarter, FACC's revenue increased by 4.3% year-over-year, and the company has refined its full-year guidance to target revenues around 1 billion EUR. Montega AG remains positive about FACC's outlook, anticipating further revenue growth in the coming years.

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