On Tuesday, Berenberg initiated coverage of Carbios, the French greentech company behind an enzyme-based biological process for deconstructing plastics and preventing pollution, with a buy recommendation.

From the analyst's point of view, the technology developed by Carbios is likely to be a 'game-changer' within the polyethylene terephthalate (PET) packaging recycling industry, by improving the recyclability and circularity of products.

According to the intermediary, the interest already shown in the company by several major groups such as L'Oréal, Nestlé Waters and PepsiCo suggests that its technology will soon be adopted.

Its price target of 51 euros shows a potential upside of 108%.

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