HAMBURG (dpa-AFX Broker) - The private bank Berenberg has started the valuation of Washtec shares with a "Buy" rating and a price target of 43 euros. Analyst Tore Fangmann praised the global market leader for car wash equipment in particular for its opportunities in North America and high returns on capital. The shares appear undervalued in view of the price/earnings ratio and the dividend yield, the expert wrote in a study published on Wednesday./ag/edh

Publication of the original study: 14.11.2023 / 17:17 / GMT

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

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