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Dragon Capital Equity Research initiated coverage of Milkiland N.V.



Dragon Capital in its recently distributed Equity Research “Agriculture in Ukraine: Ready to Feed the World” initiated coverage of Milkiland N.V. with a Strong Buy recommendation and a 12-month target price of PLN62.78 per share (68% upside). This recommendation is based on the positive company’s financial outlook stemming from growth in volume sales, developing vertical integration of the business, as well as high corporate governance standards.