HAMBURG (dpa-AFX Broker) - Private bank Berenberg has downgraded Hornbach Holding from "buy" to "hold" and lowered its price target from 125 to 90 euros. Analyst Benjamin Thielmann justified his more negative assessment of the share with the unexpectedly gloomy earnings outlook of the DIY holding company. The detailed figures for the 2022/23 financial year were in line with the preliminary key data, he wrote in a study available on Monday./edh/tih

Publication of the original study: 19.05.2023 / 16:02 / GMT

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

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