Kepler says its time to take profits, cuts Fuchs to 'reduce'

Fuchs Se

21/02/2025 11:48

** Kepler Chevreux downgrades Fuchs  FPEn.DE  to "reduce"
from "hold", saying it doubts Q4 results will show a beat and
it's time to take profits
    ** The shares in the German car lubricants maker benefited
from the recent hype surrounding classical chemical sticks but
future looks less positive, Kepler explains
    ** The brokerage says it fears that EBIT guidance for 2025
will be below the previous EUR 500 million  ($523.45
million)target for 2025, given the negative news flow from key
customers
    ** The stock has risen by 13% year-to-date and its valuation
is high - also in a historical context, Kepler says
    ** Fuchs is to announce its Q4 results on March 21
    ** Out of 13 analysts that cover Fuchs, ten rate the stock
"strong buy" or "buy", ​two rate "hold" and one rates the stock
"strong sell"​​
    
  


($1 = 0.9552 euros)

 (Reporting by Anna Banacka)
 ((Anna.banacka@thomsonreuters.com))