HAMBURG (dpa-AFX Broker) - Private bank Berenberg upgraded PVA Tepla from "hold" to "buy" and raised its price target from 25 to 30 euros. After significantly underperforming last year, the stock is likely to attract investor interest in 2023, analyst Gustav Froberg wrote in a research note presented Thursday. For example, consensus estimates for the high-tech company have been lowered and earnings visibility is high given the record order backlog, he said. In addition, the Tepla stock is currently trading at a double-digit percentage discount to the competition./edh/tih

Publication of the original study: 11.01.2023 / 17:58 / 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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