Duerr: Not just an auto supplier - MS starts at "overweight"
24/11/2020 07:09
** 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))