FRANKFURT (dpa-AFX Broker) - Investment bank Stifel downgraded Stabilus to "hold" from "buy" ahead of its quarterly results expected on Jan. 30, but raised its price target to 70 euros from 58 euros. The first fiscal quarter 2022/23 of the manufacturer of gas springs and hydraulic dampers is likely to have been mediocre, analyst Alexander Wahl wrote in a research note available Friday. He said his estimate for full-year operating profit is slightly below consensus and profitability is likely to be below the company's target range in the first half of the fiscal year. Wahl does not see any share price drivers for the time being, which is why he downgraded the stock./ck/tih

Original study publication date: Jan. 12, 2023 / 11:45 a.m. / EST

First disclosure of the original study: 12.01.2023 / 11:45 / EST

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

dpa-AFX Broker - Trader News from dpa-AFX

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