MUNICH (dpa-AFX Broker) - Baader Bank has downgraded Nemetschek from "Add" to "Reduce", but raised the price target from 89 to 92 euros. Analyst Knut Woller raised his estimates for the building software provider after "better than expected" key data for 2023. He is thus slightly above the market forecasts for sales and operating profit for 2024 and 2025, as he wrote in a study published on Friday. However, the new price target no longer offers sufficient upside to maintain the "Add" vote, he said, explaining the downgrade./ajx/edh

Publication of the original study: 09.02.2024 / 07:25 / CET 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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