DB ups Duerr to 'buy' on 'compelling setup' for the future

Duerr AG

02/12/2021 09:01

** Deutsche Bank raises Germany's Duerr  DUEG.DE  to "buy"
from "hold", citing the machinery maker's "compelling setup" for
the midterm
    ** In addition to an expected "solid recovery" in the
fundamental business, new optionalities arise from the company's
participation in battery cell production in Europe and the
digitalization of the industry, the broker says, which could add
up to 50% growth until 2025
    ** It notes that the company's "ambitious" new climate
strategy could not only increase the interest of ESG-focused
investors but might enhance growth
    " "The need for customers to become more sustainable in
their production should help Duerr to increase its pricing
power," it adds
    ** Out of 16 analysts that cover the company, 12 rate the
stock "strong buy" or "buy", ​two rate it "hold" and two​ rate
it "strong sell" or "sell"
    

 (Reporting by Anastasiia Kozlova in Gdansk)
 ((Anastasiia.Kozlova@thomsonreuters.com))