HAMBURG (dpa-AFX Broker) - Hauck Aufhäuser Investment Banking has downgraded Krones from "Buy" to "Hold" after quarterly figures and lowered the price target from 139 to 129 euros. The bottling and packaging equipment manufacturer reported sales in line with expectations and surprised to the upside with its operating profit margin (EBITDA), but gave a cautious margin outlook, analyst Jorge Gonzalez Sadornil wrote in a study published on Friday. The downgrade was made for valuation reasons in the wake of the recent sharp rise in the share price./gl/la

Publication of the original study: 23.02.2024 / 08:13 / CET First transmission of the original study: 23.02.2024 / 08:14 / CET

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