Rieter: 'Unable to catch industry growth', CS cuts
18/04/2019 07:09
** Credit Suisse downgrades Swiss textile industry supplier
RIEN.S to "neutral" from "outperform" and cuts TP to CHF 155
** Analyst Patrick Laager says the co was unable to catch
industry growth in a full extent and is unlikely to do so in
future
** The EBIT margin could move closer to 7 pct by 2021 at
best but not above, Laager adds
** The brokerage also notes the After Sales biz is not where
it should be and there is an uncertain payback on large
investments in air-jet and other techs
((Oben.mumcuoglu@tr.com))