HAMBURG (dpa-AFX Broker) - The analyst firm Warburg Research has upgraded Klockner & Co from "Hold" to "Buy" after a change of analysts, but lowered the target price from 11.50 to 7.80 euros. The steel trader has changed for the better, wrote the now responsible expert Christian Cohrs in a study published on Tuesday. Despite the negative effect of falling steel prices, he expects a significant increase in profits, reflecting the company's improved positioning. Although the share deserves a significant discount to book value, the valuation is currently simply too low./tih/la

Publication of the original study: 19.03.2024 / 08:15 / CET First dissemination of the original study: Date not specified in study / Time not specified in study / CET

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