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Chevreux Initiates Coverage Of Iaso, Athens Medical

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Chevreux initiates coverage of Iaso (IASO) and Athens Medical (IATR) in two reports dated July 3.

Chevreux initiates coverage of Iaso with an “outperform” rating and a 10.8 euro price target. The stock is Chevreuxs top pick in the Greek health care sector, offering an attractive valuation and an intriguing combination of defensive elements and upside potential.

Athens Medical gets an “underperform” rating and a 2.25 euro price target. Chevreux says that Athens Medicals second quarter performance and 2008 outlook are weak and no positive catalysts are seen in the near future.

 

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