German stocks - Factors to watch on October 8
08/10/2019 06:29
BERLIN/FRANKFURT, Oct 8 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
THYSSENKRUPP TKAG.DE
Thyssenkrupp is slashing some administrative jobs to cut
down on the more than 2 billion euros of costs it incurs in that
field each year, two people familiar with the matter told
Reuters on Monday. urn:newsml:reuters.com:*:nL5N26S4MJ
AAREAL ARLG.DE
German real estate lender Aareal said on Monday it had
embarked on a strategic review following calls from an activist
investor to consider the sale of its software unit Aareon.
urn:newsml:reuters.com:*:nL5N26S4M1
LBBW
Unlisted Landesbank Baden-Wuerttemberg plans to reduce its
current net exposure to the automotive sector of 12.6 billion
euros in the long term by around 5-10%, board member Karl
Manfred Lochner said in an interview with Boersenzeitung.
MERCK MRCG.DE
Chief Executive Stefan Oschmann said he assumed that Merck's
pharma unit could achieve 2 billion euros of additional turnover
up to 2022 purely with new drugs. It was an ambitious goal, he
said in an interview with Frankfurter Allgemeine Zeitung, "but I
basically do not worry about it."
QIAGEN QIA.DE
Qiagen said its CEO Peer Schatz would step down and Thierry
Bernard, head of the company's molecular diagnostics business,
would be interim CEO while Qiagen searches for a permanent CEO.
It also said preliminary sales results for the third quarter of
2019 fall short of expectations. urn:newsml:reuters.com:*:nASP0017T1 urn:newsml:reuters.com:*:nFWN26S0KC
WIRECARD WDIG.DE
Wirecard holds its capital markets day. It increased key
figures of transaction volume, revenue and EBITDA targeted for
2025. urn:newsml:reuters.com:*:nASP0017T6
ANALYSTS' VIEWS
* HUGO BOSS AG BOSSn.DE : Citigroup cuts target price to 52
euros from 57 euros
* NORDEX SE NDXG.DE : Citigroup cuts target price to 11.70
euros from 12 euros
* PROSIEBENSAT 1 MEDIA SE PSMGn.DE : Citigroup cuts target
price to 13.20 euros from 16 euros
* JUNGHEINRICH AG JUNG_p.DE : Citigroup cuts target price
to 20 euros from 21.50 euros
* SIEMENS SIEGn.DE : Citigroup cuts target price to 134
euros from 135 euros
* SCHAEFFLER AG SHA_p.DE : Jefferies cuts target price to 7
euros from 8 euros
* CONTINENTAL AG CONG.DE : Jefferies cuts target price to
120 euros from 130 euros
* E.ON SE EONGn.DE : RBC raises target price to 10.25 euros
from 10 euros
* LANXESS AG LXSG.DE : Goldman Sachs cuts target price to
61 euros from 63 euros
* SAF HOLLAND SA SFQN.DE : Berenberg cuts target price to
10 euros from 12 euros
OVERSEAS STOCK MARKETS
OVERSEAS STOCK MARKETS
Dow Jones .DJI -0.4%, S&P 500 .SPX -0.4%, Nasdaq .IXIC
-0.3% at close. .N
Nikkei .N225 +1.0%, Shanghai stocks .SSEC +0.8%. .T
.SS
Time: 5:29 GMT
GERMAN ECONOMIC DATA
August industrial output due at 0600 GMT. Seen at -0.1% m/m.
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
REUTERS TOP NEWS TOP/NEWS
(Reporting by Berlin Speed Desk)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))