UBS sees Biomerieux as compelling entry point, starts with 'buy'
** UBS initiates coverage of French biotechnology company Biomerieux BIOX.PA with "buy", calling it a compelling entry point
** The broker points to the company's new point-of-care technology SPOTFIRE as so game changing compared to existing technologies that it can expand the market of the highest potential subsector in diagnostics: point-of-care testing
** "We believe this is a compelling entry point for the best R&D story in European Medtech," says UBS calling Biomerieux a serial innovator that is seriously mispriced
** UBS set a 12 month price target at 129 euros, up 31% from Wednesday's market close
** Out of 16 analysts that cover Biomerieux, 13 rate the stock "strong buy" or "buy," two rate "hold" and one rates the stock "sell"
Reporting by Charlotte Eugenie Yvette Bawol
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