(CercleFinance.com) – Deutsche Bank announced on Wednesday that it had lowered its price target on Forvia shares from 27 to 25 euros due to a context considered unfavorable for the automotive supplier.
While he expects the group to unveil 2023 annual results next month in line with its objectives, the analyst prefers to reduce his forecasts for the 2024 financial year in order to reflect continued inflationary pressures and a growth environment. zero at the production level.
In view of the synergies expected for the 2024 financial year, which should, according to it, support profit margins, the intermediary prefers to maintain its purchase recommendation on the value.
Copyright © 2024 CercleFinance.com. All rights reserved.
The information and analyzes distributed by Cercle Finance only constitute a decision-making aid for investors. Cercle Finance cannot be held responsible directly or indirectly following the use of information and analyzes by readers. It is recommended that any uninformed person consult a professional advisor before making any investment. This indicative information does not in any way constitute an inducement to sell or a solicitation to buy.
Did you like this article ? Share it with your friends using the buttons below.
