Deutsche Bank analyst Robert Grindle initiated coverage of Sunrise (SNRE) with a Buy rating and CHF 65 price target The firm likes that Liberty Global representatives remain involved in the company, with significant board representation. While Sunrise shares already trade at a premium to peers, the weight of American depository share selling and nascent Swiss buying has not yet resulted in an equilibrium value, the analyst tells investors in a research note. Deutsche sees Sunrise’s value as “substantially higher” relative to current share levels.
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Read More on SNRE:
- Sunrise initiated with a Buy at UBS
- Sunrise initiated with an Underweight at Barclays
- Sunrise initiated with a Neutral at New Street
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
