Xing: "No longer appetiXing" - Berenberg cuts to "sell"

New Work SE

10/05/2019 07:50

** Shares in German operator of a social network for
business professionals Xing  OBCGn.DE  seen down 3.8 pct pre-mkt
    ** Berenberg downgrades to "sell" from "hold"
    ** "No longer appetiXing," Berenberg says, adding that the
company's growth is slowing
    ** Berenberg says that the company's latest acquisition
looks both expensive and is a diversification that takes the
business outside its core competencies

 ((bartosz.dabrowski@tr.com))