HAMBURG (dpa-AFX Broker) - Hauck Aufhäuser Investment Banking has upgraded Friedrich Vorwerk from "Hold" to "Buy" and raised the price target from 12.40 to 20.00 euros. The energy plant manufacturer has tackled the challenges from 2023 and is on the way to a significant margin recovery in 2024, analyst Simon Jouck wrote in a study published on Monday. This is mainly due to the margin-boosting contract for the underground cable route A-Nord./ajx/tih

Publication of the original study: 29.01.2024 / 00:40 / CET

First dissemination of the original study: 29.01.2024 / 08:02 / CET

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