Schoeller Bleckmann: DB downgrades, TP near last closing price

SBO AG

02/04/2020 07:54

** Deutsche Bank cuts Austrian oil company Schoeller
Bleckmann  SBOE.VI  to "hold" from "buy"
    ** The reason for the downgrade is that the last closing
price of EUR 27.1 and the EUR 23.25-30 price range the lender
paid in its recent share buyback are close to its price target
of EUR 30, the brokerage says
    ** Deutsche Bank adds that the previous price of EUR 17 was
"too cheap"


 ((paulina.cwikowska@tr.com))