HAMBURG (dpa-AFX) - Hauck Aufhäuser Investment Banking has downgraded New Work from "buy" to "hold" and lowered its price target from 192 to 118 euros. Analyst Nicole Winkler justified her new investment vote for the career network with the deteriorating German labor market. This has increased the risk of a profit warning from New Work, she wrote in a study available on Monday and reduced her forecasts for the years 2023 to 2025./edh/gl

Publication of the original study: 24.07.2023 / 08:26 / CEST First disclosure of the original study: 24.07.2023 / 08:26 / CEST

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