German stocks - Factors to watch on September 24
24/09/2019 06:35
BERLIN/FRANKFURT, Sept 24 (Reuters) - The following are some
of the factors that may move German stocks on Tuesday:
DEUTSCHE BANK DBKGn.DE
The lender's top shareholders in Qatar are directly
approaching candidates to gauge their interest in replacing
Chairman Paul Achleitner, Bloomberg reported, citing people
familiar with the matter. urn:newsml:reuters.com:*:nL3N26E2Z6
SAF HOLLAND SFQN.DE
The maker of truck and trailer components cut its sales and
margin outlook for 2019 and said it could no longer achieve its
outlook for next year, citing "continued deterioration in
overall economic conditions - particularly in Europe, China and
India". urn:newsml:reuters.com:*:nASP001772
TAKKT TTKG.DE
Dirk Lessing, management board member, will leave the
company as per his request on Oct. 31, 2019, the group said.
urn:newsml:reuters.com:*:nEQ2TYtnDa
DEUTSCHE POST DPWGn.DE
Canada's Unifor union has opened bargaining with DHL, the
logistics arm of Deutsche Post. Unifor said DHL must share gains
from e-commerce sales and end regional disparities as Unifor
begins contract talks. urn:newsml:reuters.com:*:nFWN26E0D7
TEAMVIEWER 1UD.DE
German software company TeamViewer is expected to price its
initial public offering in the upper half of the projected
range, one of its bookrunners said on Monday, indicating that
one of Europe's largest IPOs of the year remains on track.
DAIMLER DAIGn.DE
Chief Executive Ola Kaellenius is due to present to the
supervisory board on Tuesday his ideas about the future strategy
for Daimler, German newspaper Frankfurter Allgemeine Zeitung
reported. It said this included reworking Daimler's product
portfolio to help the carmaker become carbon neutral as quickly
as possible and to make production more cost-effective.
ANALYSTS' VIEWS
* KLOECKNER & CO KCOGn.DE : Jefferies raises to buy from
hold; raises target price to 7.40 euros from 4.90 euros
* SALZGITTER AG SZGG.DE : Jefferies cuts to underperform
from hold; cuts target price to 14 euros from 18 euros
* K+S SDFGn.DE : JP Morgan cuts price target to 11.00 euros
from 12.50 euros
OVERSEAS STOCK MARKETS
Dow Jones .DJI +0.1%, S&P 500 .SPX unchanged, Nasdaq
.IXIC -0.1% at close. .N
Nikkei .N225 +0.1%, Shanghai stocks .SSEC +0.7%. .T
.SS
Time: 5:26 GMT
GERMAN ECONOMIC DATA
Ifo September German business climate due at 0800 GMT. Seen
at 94.4, current conditions seen at 97.0, expectations at 91.8.
EUROPEAN FACTORS TO WATCH WATCH/EU
DIARIES DE/DIA WEU/EQUITY
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(Reporting by Berlin Speed Desk and Frankfurt Newsroom)
((frankfurt.newsroom@thomsonreuters.com; +49 30 2888 5169))