Goldman Sachs analyst Suhasini Varanasi reinstated coverage of Brenntag with a Buy rating and EUR 88 price target. The analyst states that while she expect a slowdown in growth and contraction in margins in 2023, she also believes that this has been largely priced in as Brenntag is trading close to a trough price-to-earnings multiple of 10-times her 2023 estimates.
Published first on TheFly
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