Grifols Is Building Momentum

News Snapshot:

Tutye Grifols (NASDAQ:GRFS) is an equity story that we particularly like, and in the past month, there have been two relevant news stories to report. As has often been the case, we believe that sell-side analysts are not looking forward. At the same time, we think this is a relatively attractive and straightforward investment. Grifols' market communication is much improved, with clear catalysts supporting the short-term evolution (SRAAS divestment with a deleveraging path and EBITDA growth). Having said that, in the past, we were worried about mid-term structural growth, but Argenx's ADVANCE-SC study failure has removed Grifols' competitive pressure on...