German stocks - Factors to watch on February 24

Corestate Capital Holding SA

24/02/2021 06:00

BERLIN/FRANKFURT, Feb 24 (Reuters) - The following are some
of the factors that may move German stocks on Wednesday:
    
    CORONAVIRUS
    Germany reported 8,007 new infections and 422 more deaths.
   
    LUFTHANSA  LHAG.DE , KNORR-BREMSE  KBX.DE 
    German braking systems maker Knorr-Bremse said its majority
shareholder Heinz Hermann Thiele, who was also a major
shareholder in Lufthansa, has died unexpectedly at the age of
79.  urn:newsml:reuters.com:*:nL8N2KT71K
        
    UNIPER  UN01.DE , SIEMENS ENERGY  ENR1n.DE  
    Uniper and Siemens Energy are planning a 500 million euro
plant in Hamburg to produce green hydrogen and are banking on
subsidies from the federal government, Uniper CEO Andreas
Schierenbeck told Handelsblatt.
    VOLKSWAGEN  VOWG_p.DE 
    German union IG Metall has called on its members to take
industrial action next week to put pressure on Volkswagen in
wage talks for around 120,000 workers in western Germany.
    
    AAREAL BANK  ARLG.DE  
    Full-year results due. 
    
    TELEFONICA DEUTSCHLAND  O2Dn.DE  
    Full-year results due. 
    
    PUMA  PUMG.DE  
    Full-year results due. 
    
    NEW WORK  NWOn.DE  
    Full-year results due. 
    
    BERTRANDT  BDTG.DE   
    The company reported first-quarter EBIT of 4.5 million
euros, with revenues that fell 23% year-on-year to 201.7 million
euros.
    
    CORESTATE  CCAG.DE  
    The property group said late on Tuesday that its 2020 profit
fell short of its own expectations.  urn:newsml:reuters.com:*:nASN000V67
    
    HENSOLDT  HAGG.DE   
    Full-year results due. 
    
    INSTONE  INS2.DE  
    The property group said late on Tuesday that its 2020
adjusted net income exceeded expectations. urn:newsml:reuters.com:*:nASN000V5Y
        
    ANALYSTS' VIEWS 
    BEIERSDORF  BEIG.DE  - BERNSTEIN CUTS TO MARKET PERFORM FROM
OUTPERFORM
    COVESTRO  1COV.DE  - JEFFERIES RAISES PRICE TARGET TO EUR 70
FROM EUR 67; CREDIT SUISSE RAISES TARGET PRICE TO EUR 65 FROM
EUR 54
    HEIDELBERGCEMENT  HEIG.DE  - JEFFERIES RAISES TARGET PRICE
TO EUR 81.2 FROM EUR 79
    LANXESS  LXSG.DE  - HSBC RAISES TARGET PRICE TO EUR  78 FROM
EUR 75
    GERRESHEIMER  GXIG.DE  - JP MORGAN RAISES PRICE TARGET TO
EUR 92.10 FROM EUR 87.50
    BEFESA  BFSA.DE : JP MORGAN RAISES PRICE TARGET TO EUR 52
FROM EUR 42
    INDUS HOLDING  INHG.DE  - HSBC RAISES TARGET PRICE TO EUR 
50 FROM EUR 43
    
    OVERSEAS STOCK MARKETS  
    Dow Jones  .DJI  +0.1%, S&P 500 .SPX  +0.1%, Nasdaq  .IXIC 
-0.5% at close.  .N 
    Nikkei  .N225  -1.4%, Shanghai stocks  .SSEC  -1.6%.  .T 
 .SS 
    Time: 5:56 GMT
 
    
    ECONOMY
    German Q4 detailed GDP due at 0700 GMT. Adjusted seen +0.1%
q/q, -3.9% y/y, unadjusted seen -2.9% y/y. 
    
    DIARIES  DE/DIARY 
    REUTERS TOP NEWS  TOP/NEWS 

 (Reporting by Berlin, Frankfurt and Gdansk newsrooms)
 ((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))