TXT e-solutions boosted by 'buy' rating from Kepler Cheuvreux
** Shares in Italy's TXT e-solutions TXT rise around 6% after Kepler Cheuvreux initiates coverage with a "buy" rating, citing the company's successful transformation into a diversified technology group
** It highlights the company's strong exposure to fast-growing verticals including aerospace and defence, fintech, industrial automation and public administration
**TXT is "ideally positioned to benefit from rapidly accelerating digitalisation trends across regulated and mission-critical sectors," it says
** It adds the company's new strategic plan targets ambitious growth and margin expansion, supported by recurring software revenues and stronger cross-selling efforts across its divisions
** The broker sets its PT at 40 euros ($46.65), taking into account the comany's value-accretive M&A strategy as a key growth driver
** Session's gains so far trim YTD losses to 1.4%
** Two out of two analysts that cover the company rate it "strong buy" or "buy" - LSEG data
($1 = 0.8575 euros)