FRANKFURT (dpa-AFX) - DZ Bank has raised its fair value for Jenoptik from 34 to 46 euros following first-quarter results, maintaining its 'Buy' rating. Despite a still-subdued revenue trend, the technology group managed a surprisingly strong start to the year, analyst Dirk Schlamp wrote on Tuesday. The semiconductor business is gaining momentum. The expert also praised the continued robust demand in the Biophotonics and Defense divisions, as well as the margin improvement already visible in the first quarter. The lower free cash flow is not a structural warning signal, but is primarily characterized by the growth-related build-up of net working capital./rob/la/he
Publication of the original study: 12.05.2026 / 16:25 / Time zone not specified in study First dissemination of the original study: 12.05.2026 / 16:31 / Time zone not specified in study
