Jost Werke: "well: managed business" - JPM upgrades
06/01/2020 07:34
** JP Morgan upgrades Germany-based truck and commercial
vehicle components manufacturer JOST Werke JSTG.DE to
"overweight" from "neutral" and raises its price target by EUR 8
to EUR 42
** The brokerage says the company is a "well-managed
business" with proactive and flexible operations
** Although 2020 will be a challenging year for trucks,
JOST's increased exposure to the agricultural sector through its
latest acquisition of ALO Holdings should mitigate volume risks
to some degree in 2020, it adds urn:newsml:reuters.com:*:nASN00015B
** JPM says it believes the company is well positioned to
deliver at a high level relative to peers in 2020 and notes
several earnings drivers like flexible operations, continued
growth in aftersales which should help profitability and revenue
exposure to the agriculture increasing to about 23% from 5%
((joanna.wodzicka@tr.com))