Inflation and rising interest rates are also gripping the stock market. Analysts recommended exiting some stocks last week.
The prospects for the world’s leading German solar group, SMA Solar, are currently dimming. Analyst firm Jefferies has downgraded him from “hold” to “underperform.” A similar fate awaits Adidas. The Swiss bank Credit Suisse has lowered the price target of the sporting goods manufacturer from 205 to 193 euros, but left the rating at “Underperform”.
The chip manufacturer Infineon, with a price target of EUR 26, and the German automotive supplier Continental also remained underperform. The price target for the latter was left at 65 euros.
After disappointing data from the Skyscraper 01 study on the novel cancer therapy tiragolumab, the major Swiss bank UBS left the rating for the pharmaceutical company Roche on “Sell” with a price target of 345 francs (330 euros).
The price target of the AUA sister Lufthansa was raised by the British investment bank Barclays from 5.20 to 5.70 euros after the reporting season of the European aviation groups, but the rating was left at “underweight”. The price target for Hapag-Lloyd was raised by the US bank JPMorgan from 170 to 171 euros, and the rating was left at “Underweight” here as well.
According to quarterly figures, Ceconomy was left on “Reduce” by Baader Bank. The price target remains at EUR 3.10.