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On May 23, Evotec SE (i.) broke out of a multi-week consolidation to a multi-month high amid a significant increase in trading volume and subsequently defended the breakout. I suspect that this price reaction is partly due to the strategic realignment of the company with its two-pillar strategy. The company aims to focus more intensively to achieve an average annual revenue growth of 8-12% and an EBITDA margin of over 20% in its medium-term outlook for 2024-2028. Additionally, acquisition speculation is likely to drive the stock price. Most recently,...
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