NEW YORK (dpa-AFX Broker) - U.S. bank JPMorgan has downgraded Teamviewer from "neutral" to "underweight" and lowered its price target from 12 to 11 euros. Rising capital expenditures by the software service provider threatened to reduce profitability, analyst Toby Ogg wrote in a research note published Wednesday. Market expectations for the current year are too optimistic. He said his 2023 adjusted operating profit (Ebitda) assumption is six percent below the consensus estimate. In addition, Ogg put the shares on a negative list with a view to the company's upcoming financial results./bek/mis

Original study release date: 01/31/2023 / 20:10 GMT.

First disclosure of the original study: 01.02.2023 / 00:15 / GMT

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