Berenberg starts Straumann with 'buy' on earnings growth, 'top-class' margins
** Berenberg initiates Straumann STMN.S with "buy" rating, saying factors like record of earnings growth, as well as its "top-class margins" and balance sheet make it one of the highest-quality medical tech stocks in its coverage
** The broker expects Straumann to reach around 5 billion Swiss francs ($5.66 billion) in revenue by 2030 as the company gains market share across dental implants, clear aligners and digital dentistry solutions
** "We believe that recovery in the US could be ahead of market expectations now that the US election has taken place and given the possibility of tax and interest rate cuts," Berenberg adds
** Shares in the dental implant firm edge up 1.6%
($1 = 0.8831 Swiss francs)
Reporting by Paolo Laudani
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