The report provides a financial analysis and investment recommendation for SES, a satellite operator. It discusses SES's financial performance, potential M&A targets, and market conditions. The report maintains a 'Buy' rating for SES with a price target of €27.70, down from €28.00, citing potential upside from M&A, buybacks, and satellite economics improvements. It also highlights SES's leverage capacity and potential M&A targets in the Asia Pacific region.
documents/EFTA01204332.pdf
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