HAMBURG (dpa-AFX) - Private bank Berenberg has raised its price target for SNP from 25.00 to 33.50 euros, but left its rating at "Hold". With the new target, analyst Wolfgang Specht took into account the high of Octapharma's voluntary takeover bid for SNP in a study presented on Tuesday. Its main reason is likely to be the personal interests of Octapharma owner and SNP major shareholder Wolfgang Marguerre. The dispute between Marguerre and the SNP board is likely to continue. With a qualified majority in SNP, Marguerre could make far-reaching decisions, although his interest in a majority of more than two-thirds could be limited, Specht believes. The operating environment is likely to remain mixed, and valuations are not cheap, he says. In the short term, however, the shares should trade close to the offer./gl/ck

Publication of the original study: 05.06.2023 / 16:35 / GMT

First disclosure of original study: Date not stated in study / Time not stated in study / Time zone not stated in study

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