IBA rises on new Rhodotron accelerator contract
** Shares of Belgian radiation therapy and radiopharmaceuticals equipment company Ion Beam Applications IBAB.BR up 6% after it announces a contract with Benebion for a Rhodotron accelerator in Mexico
** The contract size, typically around 8.5 mln euros to 11 mln euros ($8.98 mln to $11.62 mln), shows positive commercial momentum for IBA - ING analyst David Vagman
** Order intake development is yet to be seen to fully comprehend the situation - brokerage
** KBC Securities sees returning momentum for IBA's industrial solutions, pointing to the second Rhodotron contract signed in November
** KBC keeps its "buy" rating due to revived demand in industrial solutions and underlying radiopharma growth trends
** IBA shares are leading the Belgium Mid Cap index .BELMC
($1 = 0.9466 euros)
Reporting by Gianluca Lo Nostro
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