LONDON (dpa-AFX Broker) - The British investment bank Barclays has downgraded the shares of the construction group Hochtief from "Overweight" to "Equal Weight" and left the target price at 121 euros. Analyst Tom Zhang made the same downgrade for the shares of parent company ACS in a study published on Friday, with a target price of 42 euros. Thanks to good quarterly figures and some significant orders, both shares have risen sharply in recent weeks, which means that the valuations now appear reasonable, the analyst explained./gl/mis

Publication of the original study: 29.08.2024 / 19:24 / GMT First dissemination of the original study: 30.08.2024 / 03:00 / GMT

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