FRANKFURT (dpa-AFX) - A positive analyst report caused Vossloh' s share price to jump on Wednesday. In addition, the rail and transport technology group extended the contract of CEO Oliver Schuster by five years.

In the late morning, the shares rose by 5.2 percent to 43.80 euros. This made them one of the biggest winners in the small-cap index SDax, reaching their highest level in almost a year. The balance sheet for 2024 is therefore positive again.

Baader Bank started monitoring Vossloh with a buy recommendation. With a price target of EUR 56, analyst Michael Roost sees potential of 28 percent for the shares. Vossloh is operating in a market with structural growth, the expert emphasized. A long-term increase in value is the main goal. Following the streamlining of Group structures in recent years, he believes the company is well on the way to gaining market share./gl/jha/