Montega raises CEWE price target to EUR 147, keeps buy rating

• Montega reiterated a Buy on CEWE, lifting its 12-month target price to EUR 147 from EUR 140.
• Report flagged CEWE’s agreed carve-out purchase of Kodak Alaris’ KODAK MOMENTS Retail Photo Solutions for about EUR 88 million enterprise value.
• Example closing price implied about EUR 72 million cash outflow based on March 31, 2026 net debt, working capital adjustments; closing expected in H1 2027.
• Montega expects a mid-single-digit EBIT margin from 2027, modeling 5% or about EUR 10 million EBIT; EV/EBIT seen at 8.8x.
• Deal adds about EUR 200 million revenue, expands reach into the US, Canada, Mexico, Australia; adds about 37,000 photo kiosks.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CEWE Stiftung & Co. KGaA published the original content used to generate this news brief via EQS News (Ref. ID: rc_26198) on July 16, 2026, and is solely responsible for the information contained therein.