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DUE - Duerr AG News Story

€36.06 -0.2  -0.6%

Last Trade - 1:14pm

Sector
Industrials
Size
Mid Cap
Market Cap £2.18bn
Enterprise Value £2.17bn
Revenue £2.89bn
Position in Universe 292nd / 1045

BUZZ-Duerr: Berenberg sees no catalysts, cuts

Thu 11th February, 2021 7:25am
** Berenberg downgrades German machinery maker Duerr
 DUEG.DE  to "hold" from "buy", citing lack of catalysts 
    ** "Duerr appears fairly priced for now, especially as we do
not expect significant catalysts from upcoming communications,"
the broker says
    ** It says the mood has brightened in the automotive
industry over the past few quarters, but it does not believe
Duerr's Automotive Paint business' greenfield order intake can
be boosted
    ** Among the 17 analysts that cover Duerr, nine rate the
stock "strong buy" or "buy," seven "hold" and 1 "sell" or
"strong sell"
    ** Shares are seen down 3.7% pre-market

 ((bartosz.dabrowski@thomsonreuters.com))
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