Archive 2009
| Date | 05/28/2009 |
| Bank | BHF Bank |
| Author | Stephan Bauer |
| Recommendation | Buy |
| Analysts Reports "Following the annual general meeting, we gained the impression that management has a more pessimistic view on the business development in the current year. We have lowered our 2009F as well as 2010F sales and earnings estimates. Therefore, our target price is reduced from previously €56.50 to €54.00. We stick to our Buy recommendation. However, after the strong share price performance we see only limited further upside potential..." | |