UBS has lowered its target price for Bechtle AG from €44.60 to €36, while keeping its "Neutral" rating.
According to analyst Michael Briest, Bechtle is currently facing short-term challenges, as seen in its third quarter results. Earnings estimates for Bechtle have been revised downward by up to five percent until 2026. Furthermore, the valuation model no longer includes a previously considered valuation swing, indicating a more cautious outlook for the company.