HAMBURG (dpa-AFX) - The analyst firm Warburg Research downgraded Beiersdorf from "buy" to "hold", but raised the price target from 115 to 117 euros. Analyst Jörg Frey justified his new investment recommendation with the recent above-average performance of the share and the lack of price drivers. The new price target reflects his raised earnings estimates in anticipation of a strong fourth quarter for the consumer goods group, he wrote in a study available on Thursday./edh/ck

Publication of the original study: 05.01.2023 / 08:15 / CET First disclosure of the original study: 05.01.2023 / time not specified in study / CET

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------