MUNICH (dpa-AFX Broker) - Baader Bank has left its rating for Salzgitter AG at "Buy" with a target price of 45 euros. With the preliminary quarterly figures in line with expectations, the steel group has published a clear profit warning, and this only seven weeks after the outlook, analyst Christian Obst wrote in a study published on Tuesday. This was disappointing and could lead to a below-average share price development during the summer. Obst lowered his estimates for this year's pre-tax profit, but left them largely unchanged for 2025 and 2026./ajx/la

Publication of the original study: 07/05/2024 / 14:57 / CEST First dissemination of the original study: Date not specified in study / Time not specified in study / CEST

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