Deutsche Bank sees triggers already priced in, cuts PVA TePla to "hold"

Pva Tepla AG

02/11/2021 07:44

** Deutsche Bank downgrades German industrial equipment
maker PVA TePla  TPEG.DE  to "hold" from "buy" saying that any
potential catalysts for the stock are "largely" already priced
in
    ** "Mid-term targets might be achieved one year early, but
valuation discipline calls for a downgrade," the broker says
    ** The broker sees the company reporting good Q3 results,
but adds that a guidance hike is not in Deutsche Bank's base
case assumption
    ** PVA TePla shares were down 2.0% in early Frankfurt trade
    ** Out of 7 analysts that cover PVA TePla, three rate the
stock "strong buy" or "buy", four rate "hold" and no analysts
rate the stock "strong sell" or "sell" per Refinitiv data

 (Reporting by Antonis Pothitos)
 ((antonis.pothitos@thomsonreuters.com))