Fuchs Petrolub: Drops after possibly consensus-dragging outlook
20/02/2020 09:07
** Shares in German lubricant maker Fuchs Petrolub
FPEG_p.DE drop 2.8% after the company posts FY results
urn:newsml:reuters.com:*:nASN00035I
** Baader Helvea says the company's 2020 outlook could bring
the risk of downward revisions to consensus as the company so
far implied no significant Corona virus effect in its guidance
** The broker adds it fears negative effects from delayed
industrial lubes destocking and potential supply issues due to
the industrial fire at Lubrizol last October urn:newsml:reuters.com:*:nL5N26H0G9
** Baader Helvea reiterates its "cautious view" on the
company's stock despite seeing an interesting long-term
investment story
** The company is the biggest faller on German mid-cap index
.MDAXI and is among the biggest decliners on the pan-European
STOXX 600 .STOXX index
((Veronica.snoj@tr.com))