Vitec Software Jumps 5% After Nordea Upgrades on M&A Upside

• (PLX AI) - Vitec Software shares rose more than 5% after Nordea upgraded the company to buy from hold.
• • Price target SEK 563
• • Vitec is increasing its M&A pace, with a new high in acquired annual sales, Nordea said
• • Given the market size, deal sourcing should not be a bottleneck, and Vitec could add another 20% to its EBITA in 2023, the analysts said