Berenberg reiterates its 'buy' recommendation on GTT and raises its target price to 139 euros, citing the solid figures unveiled in July by the engineering company for the first half of 2023, which 'led to a partial revaluation of the share'.

Due to the strong order intake since the beginning of the year and the increase in ship deliveries expected from 2025 onwards, the broker is raising its estimates for 2023/2024/2025, with EPS revised upwards by 9%/0%/3% respectively.

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