MUNICH (dpa-AFX Broker) - Baader Bank left Symrise at "Add" with a price target of 120 euros after preliminary figures for 2022 and a profit warning. So far, the stock has been viewed positively by the market, and the fragrance and flavor manufacturer had been seen as better equipped in a challenging environment compared with its competitors, also thanks to its focus on pet food, analyst Andreas von Arx wrote in a study available on Monday. It now remains to be seen how competitors cope with the current situation. At Symrise, at any rate, the profit warning is clearly weighing on investor sentiment. However, the expert believes that, given the quality of the business model, profits will recover in the medium term./ajx/gl

Publication of the original study: 23.01.2023 / 08:30 / CET First disclosure of the original study: Date not stated in study / Time not stated in study / Time zone not stated in study

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