Genovis: Testing All-Time-Highs as the World Changes Foot

Research Note

2020-05-25

07:20

Redeye reiterates its positive view on Genovis, noting that the stock closed near all-time highs (at SEK 30.85) on Friday. We believe a combination of increased institutional interest and the corona crisis starting to appear more manageable (touch wood) with a growing number of countries now lifting restrictions, are key explanatory factors. We still caution that 2020 will be compromised by the crisis, however, and expect no additional progress in the important Bioprocess Area until 2021.

Håkan Östling

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