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BUZZ-Computacenter: German strength in Q2, better market conditions

Thu, 12th Jul 2018 08:53

** Shares of IT services firm +6.5 pct, top of FTSE midcap index

** Co says it expects full-year results to be "comfortably in excess" of its prior expectations, driven by continued momentum within its supply chain business across all geographies, particularly in Germany

** Co said in March that 2018 would be challenging after margin troubles hit 2017 results

** Investec upgrades 2018 and 2019 EBITA estimates for co by 7 pct, saying it sees "some further upside risk if the buoyant market backdrop continues" - Investec hikes TP to 1600p from 1350p, rating "buy"

** Investec: "Computacenter is now nudging into 'growth' stock territory and the rating has appreciated accordingly"


(c) Copyright Thomson Reuters 2018. Click For Restrictions -

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