Accueil > Actualité
Actualite financiere : Actualite bourse

thyssenkrupp: shares rise after Deutsche Bank upgrade

( - Shares of the troubled German metal giant thyssenkrupp rose on Wednesday after Deutsche Bank analysts upgraded their rating on the stock to "buy" from "hold".

The Deutsche Bank team said the upgrade partly reflected a "compelling high-risk, high-reward profile."

The investment bank said it has identified three independent drivers to generate value for investors (portfolio changes and cost-cutting, crystalizing value from electrolyzer unit and finding a strategic solution for the steel business), with each of them providing more than 50% upside potential from current share price levels

Decisive restructuring is needed, but "stock could still be a triple from here," wrote Deutsche Bank, which has raised its target price from 6 euros to 8 euros.

The thyssenkrupp shares were up 1.6% in early afternoon trading on Wednesday.

Copyright (c) 2020 All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.




Qui sommes-nous ? | Nous contacter | FAQ | Mentions légales | RSS | © Copyright 2007 Cercle Finance. Tous droits réservés.
Indices et cours différés d’au moins 15 mn | Cotations boursières fournies par ABC Bourse.