FRANKFURT (dpa-AFX) - Following the previous day's slide, Heidelberger Druck shares recovered somewhat on Thursday. In the early afternoon, they rose by almost 9 percent to 1.01 euros. In the middle of the week, they had slumped by almost 13 percent to a two-year low following the publication of business figures, after some analysts had seen the latest order development as a signal for a more difficult environment.

However, analyst Tore Fangmann from the private bank Berenberg remained confident in a study published on Thursday. Although he lowered the price target from EUR 2.40 to EUR 2.20, he still believes that the shares can more than double. He therefore continues to rate them as a "buy".

Although the printing press manufacturer's incoming orders are slowing down, the order backlog remains high, the expert explained. Customers are also likely to have held back ahead of the important industry trade fair Drupa at the end of May. Profitability is also developing solidly, the expert continued./mis/jha/