NEW YORK (dpa-AFX Broker) - U.S. investment bank Morgan Stanley downgraded Sartorius preferred shares to "Equal-weight" from "Overweight" and lowered its price target to 375 euros from 465 euros. In a report published Monday, analyst James Quigley expects destocking in the laboratory equipment maker's business segment to continue in the third and fourth quarters. He also pointed to uncertainties surrounding the financing of the Polyplus acquisition. Limited earnings momentum should not offset these concerns./tih/edh

Publication of the original study: 22.05.2023 / 03:00 / GMT

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

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