Börse Express – Presentation of dpa-AFX: ANALYST CLASSIFICATIONS for the week of 15 to 19.10.2018

Ratings of badysts selected in the
dpa AFX news service of the week from 15 to 19.10.2018

on Monday

UBS lowers Daimler's neutrality rate and target at 54 euros

ZURICH – The Swiss bank UBS in Daimler of
"Buy" ranked on "neutral" and the price target of 92 to 54 euros
reduced. The car manufacturer's stock is currently valued at low prices,
but lacks a dynamic profit development, wrote
Patrick Hummel, badyst, in a study available Monday. the
The third quarter should be very weak. In addition, 2019 is likely
become difficult and the results are under pressure. bumblebee
He lowered his earnings per share estimate until 2020. He found that
is now slightly below consensus.

Hauck & Aufhäuser student Gerresheimer on & # 39; Hold & # 39; – lowered target

HAMBURG – Private bank Hauck & Aufhäuser in Gerresheimer
according to the figures for reasons of evaluation of "Sell"
"Hold" revised, the price target but lowered from 60 to 55 euros.
Before it improves for the special packaging manufacturer,
Aliaksandr Halitsa, badyst, said:
a study available on Monday. As expected, the
recent quarterly figures on the medium-term outlook
The prospects did not provide rebadurance. Also be short-term
the earnings outlook is rather bleak.

Deutsche Bank lowers the group Gea to maintain it and the goal of 30 euros

FRANKFORT – Deutsche Bank at Gea Group by
a renewed profit warning from the mechanical engineer to "Buy"
Ranked "Pending" and lowered the price target from 37 to 30 euros. this
did not come quite surprising, and the new perspective
now roughly match the consensus estimates, wrote
Analyst Felicitas von Bismarck presents a gift Monday
Study. However, the impression of a person grows
unaffiliated company with many uncertainties about the
fundamental reversal. The expert should only improve
the inauguration of the new boss in the spring.

Tuesday

DZ lowers Lufthansa's sale value and fair value to € 15.50

FRANKFURT – DZ Bank in Lufthansa in front of numbers for
the first nine months of the year to "keep" to "sell"
clbadified and lowered the fair value from 23.00 to 15.50 euros. the
According to an badyst, the wind should increase for the airline
Dirk Schlamp in a study available Tuesday. He went down with
Reference to the rise in oil prices, the pressure of prices in the market for
Spare parts and maintenance as well as the always tough competition
in intra-European air traffic, its estimate for the
adjusted operating profit (EBIT) this year.

Baader Bank raises Sixt on "the purchase" – target of 112 euros

MUNICH – Baader Bank at Sixt after the youngest
Improved "Keep" to "Buy" price losses and upward price target
Leave 112 euros. At the record record of about a quarter
The papers of the car rental company have once again lowered the prices
attractive, Christian Weiz badyst wrote in a Tuesday
present study. Obviously, the actions of the
market weakness.

Commerzbank asks Kion to "buy back" – target reduced from 68 to 63 euros

FRANKFURT – Commerzbank in Kion in front of
sharp drop this year from "hold" to "buy"
upgraded, the indicative price but lowered from 68 to 63 euros. the
The forklift manufacturer's price evolution has shifted from
Decoupled from fundamentals, badyst Sebastian Growe writes in
a study available Tuesday. Growe, however, shortened his
Estimate of operating profit (Ebita) by 2020, bringing it back to the
The wind persists in the face of rising costs and the development of
Logistics Solutions (Supply Chain Solutions, SCS)
take into consideration. The price losses of Kion action this year
but seemed exaggerated.

Wednesday

Independent lowers Fresenius on hold and targets at 66 euros

FRANKFURT – The Independent Research Firm in Fresenius
ranked from "buy" to "hold" and the price target
lowered from 80 to 66 euros. He has his short and medium term
Predictions reduced after the medical group due to a
poor commercial performance of its subsidiaries Fresenius Medical Care
(FMC) and Helios reduce their prospects for the year, writes an badyst
Bernhard Weininger in a study available Wednesday.

Hauck & Aufhäuser raises Drägerwerk on hold – target of € 42.50

HAMBURG – Private bank Hauck & Aufhäuser at Drägerwerk
after falling prices in response to a
Warning on the benefits of "Sell" to "Keep" upgraded, but price target
lowered from 55.00 to 42.50 euros. In response to the reduction
He has his annual sales and profit forecasts for the year
Analysts Aliaksandr wrote that medical device companies had dropped
Halitsa in a study available Wednesday. Note the stock
but now more than 15 percent below their average price of
last five years and at its lowest level since 2010,
the expert explained his new vote of investment.

Exane BNP raises Infineon to the "neutral" position – target of € 21.50

PARIS – French investment bank Exane BNP Paribas has
Infineon after the recent correction of
"Underperformance" outperformed to "neutral" and target price at 21.50
Leave the euro Because the structural forces are intact and the
short-term fears were exaggerated, would be an investment
again attractive in the chip maker's stock, writes an badyst
Jerome Ramel in a study available Wednesday.

Thursday

Merrill Lynch lowers Dürr to "Neutrality" – goal at 32 euros

NEW YORK – The US investment bank Merrill Lynch has Dürr
ranked from "buy" to "neutral" and the price target
lowered from 53 to 32 euros. The reason for the gradation is the
lower prospects for the group
Homag, maker of woodworking machinery, wrote the badysts
in a study available Thursday.

Kepler Cheuvreux lowers Symrise to "Reduce" and ends at 67 euros

FRANKFURT – The Kepler Cheuvreux Analysis House at Symrise
ranked "Hold" to "reduce" and the price target
lowered from 70 to 67 euros. The aroma and fragrance market was
and growth expectations are also on the
Patrick Roquas, Analyst, wrote:
an industry study Thursday. Another
The biggest factor for the sector is rising interest rates. than
Positive price factors could be acquisitions and / or mergers
act.

SocGen raises Hugo Boss to the goal "Hold" at 62 euros

PARIS – The French bank Société Générale (SocGen) has Hugo
boss from "sell" to "hold", the price target
but lowered from 72 to 62 euros. The reasons for evaluation are for her
Analyst Thierry Cota wrote one Thursday:
present study. The price of the German fashion maker's action
has recently declined more sharply than competitors' prices. For the
Sector he remains in his cautious attitude.

Friday

Goldman lowers Salzgitter to the & # 39; neutral & # 39; and ends at 47 euros

NEW YORK – US investment bank Goldman Sachs has Salzgitter AG
according to industry comparison above the average
Price evolution from "buy" to "neutral" and determination of the price target
lowered from 52 to 47 euros. While the prospects of
Improved carbon steel, were the prospects for stainless steel
more difficult, wrote badyst Eugene King in a Friday
this study of the industry. Global economic growth and the
persistent trade tensions between the United States and many countries
remains the main risk for the steel sector. L & # 39; expert
reduces its earnings forecast for Salzgitter (Ebitda) over the years
2019 and 2020.

Goldman reduces Klöckner & Co to "Neutral" and aims at 11 euros

NEW YORK – The US investment bank Goldman Sachs has Klöckner & Co
according to industry comparison above the average
Price evolution from "buy" to "neutral" and determination of the price target
lowered from 13.90 to 11 euros. Analyst Eugene King looks into an am
The Friday survey on the industry for other values ​​is better
Risk / reward ratio. The risks for steel prices are negative
for the dealer. The expert has reduced his
Klöckner profit forecasts (Ebitda) for the years 2019 and 2020.

Hauck & Aufhäuser forces Dürr to "buy" – target at 40 euros

HAMBURG – Private bank Hauck & Aufhäuser in Dürr
improved to keep buying after recent losses
the price target but after a profit warning of 43 to 40 euros
reduced. Mechanical and plant engineers have the objectives for the
The operating profit margin was capped without surprise, wrote an badyst
Christian Glowa in a study available Friday. So be
the bad news is finally out. The extra burden
also based primarily on unique effects. So should the
Difficulties in the Homag girl until the end of 2018 largely
to be fixed. In the medium term, the outlook is good. the
However, the introduction of a lean production process is not only
for Homag, but important for the whole group.

/ he

AXC0267 2018-10-19 / 21: 50

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