MEDIAN TECHNOLOGIES initiation of coverage BUY, EUR40 Best served...

We are initiating Median Technologies with a BUY rating and a TP EUR40 which represents an upside of over 200%. Recent publication of a rich and positive newsflow during the last 6-12 months contributed to the validation of the company’s business model along with its positioning. In addition, we think the upcoming newsflow in the next 6-12 months will give Median the ability to ride the storm in this turbulent market. These events could lead to a re-rating of shares and close the gap between our...