HAMBURG (dpa-AFX Broker) - The private bank Berenberg has lowered the target price for K+S from 20.00 to 15.90 euros, but left the rating at "Buy". The shares of the fertilizer group remain undervalued, wrote analyst Aron Ceccarelli in a study published on Tuesday. However, potassium carbonate prices are a burden. For this reason and due to higher depreciation, he lowered his operating profit expectations (EBIT) relatively significantly. However, he noted that K+S had recently been able to realize higher prices than its competitors./tih/la

Publication of the original study: 18.03.2024 / 20:34 / GMT

First disclosure of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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