UBS has increased its price target for Bechtle from 36 to 37.50 euros while maintaining a "Neutral" rating. Analyst Christopher Tong has revised earnings estimates downward until 2027 due to more moderate growth expectations, although a recovery is anticipated in 2026. A valuation premium to the industry group is now included in the Bechtle model.
UBS raises Bechtle price target while maintaining neutral rating
UBS has increased its price target for Bechtle from €36 to €37.50 while maintaining a "Neutral" rating. Analyst Christopher Tong has revised earnings estimates downward until 2027 due to more moderate growth expectations, although he anticipates a recovery in growth by 2026.
UBS maintains neutral rating for Bechtle with target price of 36 euros
UBS has maintained a "Neutral" rating for Bechtle, setting a target price of 36 euros. Analyst Michael Briest noted that the IT service provider may face weakened demand due to the breakup of Germany's traffic light coalition, which significantly impacts public sector sales, accounting for 40% of revenue in 2023. Additionally, competitor Cancom has revised its fourth-quarter forecast downward amid political uncertainties.
ubs maintains neutral rating for bechtle with target price of 36 euros
UBS has maintained a 'Neutral' rating for Bechtle, setting a target price of 36 euros. Analyst Michael Briest noted that the IT service provider may face weakened demand in Q4 due to the breakup of Germany's traffic light coalition, with the public sector contributing 40% to sales in 2023. Additionally, competitor Cancom has revised its Q4 forecast downward amid political uncertainty.
UBS has reduced Bechtle AG"s target price to 36 euros, maintaining a "Neutral" rating. The German IT and systems provider operates through two segments: IT System House and Managed Services, which includes hardware and software sales, and IT E-Commerce, focusing on online marketing of standard IT products. Bechtle serves clients across Europe and has a global network of partners.
UBS has reduced its target price for Bechtle from 44.60 to 36 euros while maintaining a "Neutral" rating. Analyst Michael Briest noted increasing short-term headwinds, leading to a reduction in earnings estimates by up to five percent through 2026 and the removal of a previously considered valuation discount.
UBS has reduced its target price for Bechtle from 44.60 to 36 euros while maintaining a "Neutral" rating, citing increasing short-term challenges and a reduction in earnings estimates by up to five percent. In other news, a bidding war for Evotec is anticipated as Triton acquires a stake, with Halozyme offering 2 billion euros for the company. Meanwhile, the UK economy shows signs of stagnation, prompting government intervention, and the ECB's blockchain trials have been deemed a success by DekaBank.
UBS has reduced its target price for Bechtle from 44.60 to 36 euros while maintaining a "Neutral" rating. Analyst Michael Briest noted increasing short-term challenges, leading to a cut in earnings estimates by up to five percent through 2026 and the removal of a previously considered valuation swing from the model.
ubs lowers bechtle target price but maintains neutral rating
UBS has reduced its target price for Bechtle AG from €44.60 to €36 while maintaining a "Neutral" rating. Analyst Michael Briest noted increasing short-term challenges, leading to a decrease in earnings estimates by up to five percent through 2026.
ubs lowers bechtle target price but maintains neutral rating
UBS has reduced its target price for Bechtle from €44.60 to €36 while maintaining a "Neutral" rating. Analyst Michael Briest noted increasing short-term challenges, leading to a cut in earnings estimates by up to five percent through 2026 and the removal of a previously considered valuation adjustment.
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