Report
Barco Model update as China recovery has not materialized (yet)
In 3Q23, the headwinds of 2Q23 intensified. Barco indicated that the expected recovery in China from the pandemic has not materialized which is having an impact on the results and growth outlook for this year. In its key markets, Barco sees a mixed picture: Healthcare and Enterprise are facing softer demand related to the weakening macro-economic conditions. On the other hand, the Entertainment market continues to build on its strong momentum that started last year.Our lowered Target Price of € 26.5 is the average of our updated SOTP (€ 26.4) and DCF (€ 26.6).
Underlying
Barco NV
Provider
KBC Securities
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Guy Sips
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