FRANKFURT (dpa-AFX Broker) - The investment bank Stifel has downgraded Encavis from "Hold" to "Sell" and cut the price target from 18.20 to 11.50 euros. Projects at the operator of solar parks and onshore wind power plants are likely to be delayed, wrote analyst Martin Tessier in a study published on Tuesday. Operating margins are likely to be diluted and the targets for the portfolio in 2027 are ambitious. The expert forecast below-average growth in operating earnings (EBITDA) for the years 2024 to 2025 compared to the sector./bek/ajx

Publication of the original study: 22.01.2024 / 14:19 / EST

First dissemination of the original study: 23.01.2024 / 01:00 / EST

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