Report

Evotec AG : Raising TP from € 22 to € 26; dense positive newsflow after strong H1 results further supports the share price

The month of August was marked by extremely dense, positive newsflow for Evotec (EVT), which further supported the shares’ strong momentum following solid H1 2018 results. The newsflow concerned both the Innovate and Execute segments and included i/ the extension of the cooperation agreement with CHDI, ii/ a new alliance with Novo Nordisk; iii/ a cooperation agreement with Centogene; and iv/ the EVT/Haplogen alliance with Bayer. We have updated our valuation accordingly and raise...
Underlying
Evotec AG ADS

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Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

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