HAMBURG (dpa-AFX) - The private bank Berenberg has lowered its target price for SMA Solar from 64 to 53 euros, but left its rating at "Hold". Following the quarterly figures published at the end of March, he is sticking to his investment recommendation and expects that the solar group will need a pick-up in demand to achieve its annual targets, analyst Lasse Stüben wrote in a study published on Friday. This is not likely to happen until the second half of the year. The expert justified the new price target with a higher capital requirement than he had previously forecast./gl/edh

Publication of the original study: 18.04.2024 / 17:12 / GMT 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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