MUNICH (dpa-AFX Broker) - Baader Bank has added Baywa to its rating with a "buy" rating and a price target of 52 euros. In a study presented on Friday, analyst Rene Rückert sees several price drivers for the shares of the agricultural trading group, which in his eyes is often overlooked by investors and is also undervalued. The new Baywa CEO is focusing on return on capital employed and cash flow, he said. In addition, profits in the agricultural business should recover. Furthermore, with a view to the operating profit target for 2025, a large part should come from the renewable energies business. Another share price driver would be the sale of the solar trading business./mis/la

Publication of the original study: 14.09.2023 / 15:43 / CEST

First disclosure of original study: Date not stated in study / Time not stated in study / Time zone not stated in study

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