Kepler ups investment firm Gimv to 'buy' on planned capital hike
** Kepler Cheuvreux upgrades Gimv GIMV.BR to "buy" from "hold" after the Belgian investment company on Thursday said it was preparing a potential capital increase
** The planned 300 million euro ($312.4 million) capital hike, if approved, should provide Gimv with scaling capacities, the broker says
** It sees a "more compelling equity story", saying Gimv will benefit from a lower cost base vs larger portfolio and a wider scope for investments, among others
** The stock is at an attractive entry point after the discount to NAV expansion to 30% in the past few months, Kepler adds
** It raises PT by 6.7% to 48 euros; the shares rise 3.1% to around 40 euros by 1040 GMT
** Three out of four analysts rate the Gimv stock "strong buy" or "buy", with one at "hold" - LSEG data
($1 = 0.9603 euros)
(Reporting Johan Bodinier)
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