HAMBURG (dpa-AFX Broker) - The private bank Berenberg has raised its target price for Hornbach Holding from 69 to 75 euros after preliminary annual figures and left the rating at "Hold". The DIY store holding company presented good results, wrote analyst Benjamin Thielmann in a study published on Wednesday. However, the expert is still cautious about the new financial year and expects sales to stagnate, as people's spending mood needs time to recover. Adjusted operating earnings are also likely to rise only slightly, partly due to rising wages./mis/la

Publication of the original study: 26.03.2024 / 17:29 / GMT

First-time dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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