Tomra Systems: Upgrade To Bullish, The ESG Tide Cannot Be Turned
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Investment thesis
We believe what drives Tomra Systems’ (OTCPK:TMRAY) share price is an increasing awareness and attraction to its ESG credentials – both as a pioneer in resource management activities as well as an ESG-led company. Headline valuations are not cheap but on the basis of long-term predictable growth we upgrade our rating to bullish from very bearish.
Quick primer
Tomra Systems is the world’s pioneer of recycling plastic bottles with…
