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Notwithstanding the current distressed economic environment, which was primarily fuelled by the COVID-19 pandemic, Harvest Technology plc recently issued a positive performance review for FY20 and improved projections for FY21. After updating our expectations vis-à-vis the Group’s robust Q3-20 results and improved outlook, we maintain our Buy recommendation on the Group with an increased 1-year price target of €1.75 from our previous target of €1.71.
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