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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.
On November 11, 2024, UBS raised its target for Salzgitter to 19 euros, maintaining a 'Neutral' rating, while Deutsche Bank lowered its target to the same price with a 'Hold' rating. Meanwhile, JPMorgan rated Salzgitter 'Underweight' with a target of 11.50 euros, amidst ongoing market focus on the company's performance.
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