HAMBURG (dpa-AFX Broker) - Private bank Berenberg has downgraded Steico from "buy" to "hold" and lowered its price target from 60 to 35 euros. The two profit warnings had shown that the headwinds from weak demand and more intense competition were blowing against the manufacturer of building products more sharply than expected, analyst Christoph Greulich wrote in a study available on Wednesday. He does not expect a significant improvement in the short term./ag/mis

Original study publication date: 07/25/2023 / 16:42 / GMT

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

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