KBC Securities - Barco NV (BAR) BARCO - Light at the end of the tunnel : ReVamped, ReAwakened ReBorn BAR BB

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KBC Securities

Guy Sips

BARCO - Light at the end of the tunnel : ReVamped, ReAwakened & ReBorn BAR BB

Today we publish a Company Note on Barco titled “Light at the end of the tunnel : ReVamped, ReAwakened & ReBorn” as after the FY21 results and conference call we updated our numbers and increase our Target Price to €23.5, a mix of our updated DCF fair value of € 24.0 and our SOTP valuation of € 23. We increase our rating from Hold to Accumulate as Barco saw indications of recovery in its demand across all business units and regions attesting to the health of its end markets.

14/02/2022 1 EN

Underlying

Barco NV

Barco operates in three divisions: Entertainment, which delivers projection, lighting, LED and software solutions for markets such as cinema, venues, and hospitality and the retail and advertising; Enterprise, which targets the corporate and the control rooms market and provides a portfolio of visualization solutions with videowalls, corporate projectors in combination with collaboration software and networking and connectivity capabilities; and Healthcare, which delivers displays for the diagnostic and modality imaging market, including segments such as radiology, mammography, surgery and dentistry along with digital networked solutions for the operating room and point-of-care devices.

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BE0003790079 Belgium

Provider

KBC Securities

We are a financial services provider for several types of professional clients, each with distinct needs.

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Analysts

Guy Sips

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