Berenberg announced on Thursday that it had added Euroapi to its list of preferred European mid-caps, alongside six other stocks including SES-imagotag.

In its note, the German financial intermediary explained that the active pharmaceutical ingredients specialist's half-year results not only confirmed the resilience of its business, but also reinforced its confidence that the group would achieve its annual targets.

We believe that the company will continue to win new CDMO contracts, while its margin profile should improve thanks to the effectiveness of its operational initiatives and its ability to pass on high costs to its customers", explains the analyst.

Berenberg has a Buy recommendation and a price target of 16.9 euros on the stock.

Berenberg's 'European Mid-Cap' list includes the 15 preferred stocks of its teams among the 142 companies it currently monitors.

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