Saf Holland: "Times will get tougher soon" - Bankhaus Lampe downgrades
02/04/2019 07:52
** Shares in Saf Holland SFQN.DE are seen opening down 3
pct -- bottom of German smallcap index Sdax .SDAXI
** Bankhaus Lampe downgrades the stock to "hold" from "buy"
and lowers TP to EUR 11.50 from EUR 20.00
** "Times will get tougher soon," broker says, pointing to a
strong decline of truck net order intake in the US
** Broker sees expected US market downturn to put more
pressure on earnings by 2020 and greenfield project included in
China strategy to burden 2019 capital expenditure
** Believes current US/China trade dispute adds additional
risks to investment case
** "We do not expect a strong set of numbers" in Q1 -
Bankhaus Lampe
((Linda.pasquini@tr.com))