FRANKFURT (dpa-AFX) - DZ Bank has upgraded Klockner & Co from "hold" to "buy" and raised the fair value from 6.20 to 8.80 euros. Analyst Dirk Schlamp justified the new investment opinion in a study published on Friday with decreasing economic pessimism, recovering steel prices in the USA and an emerging stabilization of prices in the EU. The low valuation and the recent positive earnings revisions also speak in favor of the share./tih/ck

Publication of the original study: 15.12.2023 / 15:07 / CET

First dissemination of the original study: 15.12.2023 / 15:30 / CET

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