HAMBURG (dpa-AFX) - The analyst firm Warburg Research has almost halved the price target for Varta from 15 to 8 euros and left the rating at "Sell". He still assumes that the postponed annual report for 2023 will meet the battery manufacturer's targets and that cash and cash equivalents improved significantly in the final quarter, analyst Robert-Jan van der Horst wrote in a study published on Monday. However, the expert significantly lowered his sales and earnings forecasts (adjusted EBITDA) for 2024 and 2025./edh/gl

Publication of the original study: 15.04.2024 / 08:15 / CEST First dissemination of the original study: Date not specified in study / Time not specified in study / CEST

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