HAMBURG (dpa-AFX Broker) - The analyst firm Warburg Research has downgraded Vitesco from "buy" to "hold" on the occasion of the Schaeffler takeover offer and lowered the price target from 94 to 91 euros. After the price jump in response to the purchase offer, the shares of the automotive supplier Vitesco have practically no upside potential, analyst Marc-Rene Tonn explained his new recommendation in a study published on Tuesday. He considers a counteroffer from the competition unlikely./edh/la

Publication of the original study: 10.10.2023 / 08:15 / CEST

First disclosure of the original study: Date not specified in study / Time not specified in study / CEST

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------