NEW YORK (dpa-AFX Broker) – The US bank JPMorgan has left the rating for Gerresheimer DE000A0LD6E6 at “Overweight” with a price target of EUR 125.70. The takeover of Bormioli will initially bring a decent profit contribution at a time when some market participants feared a profit warning, wrote analyst David Adlington in his review on Thursday evening. The conference call gave management the opportunity to reaffirm its annual targets. A sale of the new Moulded Glass division, into which Bormioli is incorporated, could bring in around EUR 1.5 billion, according to Adlington. This could enable Gerresheimer to significantly reduce its debt./ag/ajx
Publication of the original study: 23.05.2024 / 19:48 / BST
First distribution of the original study: 24.05.2024 / 00:15 / BST
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2024-05-24 19:01:43
#ANALYSIS #FLASH #JPMorgan #maintains #Gerresheimer #Overweight
