Ion Beam Applications


ISIN: BE0003766806 | WKN: 914998
7,755
07:30:02
Lang & Schwarz
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BUZZ-Belgium's IBA rises on Jefferies upgrade to "buy"

09:45 (09/06) - Source: RTRS

** Shares of Belgian proton therapy group IBA IBAB.BR rise as much as 4.4 percent on Tuesday, as traders note the company is upgraded to "buy" by analysts at Jefferies.

** "We believe IBA and the proton therapy industry generally has made significant progress in the last year.
We believe the limitations to proton therapy penetration are falling at a quicker rate than we previously expected,
and we see a 30 percent annual growth rate in the addressable market," Jefferies wrote in a note to clients.

** At 0725 GMT, IBA shares are 4.38 percent higher at 21.54 euros, making them the best performer
on the Belgian Midcap Index .BELM , which is trading little changed.

(RM: robertjan.bartunek.thomsonreuters.com@reuters.net)


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