HAMBURG (dpa-AFX Broker) - Hauck Aufhäuser Investment Banking has given a "buy" rating to Steico's shares at a target price of 75 euros. Because the climate change clock is ticking, Germany and the EU are pushing for a drastic reduction in greenhouse gas emissions, analyst Simon Keller wrote in a research note presented on Thursday. The focus of the measures would be on houses and house construction. This segment emits more than 30 percent of CO2 emissions and also accounts for 40 percent of total energy consumption in Germany. Steico, as a manufacturer of building products from renewable raw materials, is a strong investment opportunity in this environment./bek/ag

Publication of the original study: 23.03.2023 / 07:50 / CET

First disclosure of the original study: 23.03.2023 / 07:52 / CET

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