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DUE - Duerr AG News Story

€33.56 -1.2  -3.6%

Last Trade - 11/05/21

Sector
Industrials
Size
Mid Cap
Market Cap £2.07bn
Enterprise Value £2.06bn
Revenue £2.86bn
Position in Universe 297th / 1051

BUZZ-Duerr: Not just an auto supplier - MS starts at "overweight"

Tue 24th November, 2020 7:09am
** Morgan Stanley starts Duerr  DUEG.DE  at "overweight",
saying the German machinery maker has been trading as an auto
supplier although its exposure to the struggling sector is only
50%
    ** Unlike many auto suppliers, Duerr, whose customers also
include the engineering, chemical and pharmaceutical industries,
can benefit from a shift to electric vehicles, the broker says
    ** MS adds that Duerr stock, which it expects to reach the
price of EUR 33, is an inexpensive opportunity to draw gains
from the 2021 auto rebound
    ** Among the 18 analysts that cover Duerr AG, the breakdown
of recommendations is 9 "strong buy" or "buy," 7 "hold" and 2
"sell" or "strong sell."

 ((zuzanna.szymanska@tr.com))
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