MUNICH (dpa-AFX Broker) - Baader Bank has left its rating for Rational at "Reduce" with a target price of 635 euros. The fourth quarter of the commercial kitchen equipment supplier was characterized by dynamic sales growth and a very strong operating profit margin (EBIT margin), wrote analyst Peter Rothenaicher in a study published on Thursday. The preliminary annual figures were above market expectations. Ultimately, Rothenaicher confirmed his "Reduce" rating due to the positive share price reaction following the announcement of the figures. The valuation is ambitious in the current interest rate environment./ajx/mis

Publication of the original study: 11.01.2024 / 14:52 / 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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