HAMBURG (dpa-AFX Broker) - Private bank Berenberg has upgraded Aumann from "hold" to "buy" and raised its price target from 18 to 21 euros. The special machinery manufacturer with a focus on electric mobility is an early-cycle company and a bet on the expected high growth in this area, analyst Yasmin Steilen wrote in a research note presented on Thursday. Aumann should benefit in the coming quarters from European automakers' attempt to regain market share in e-vehicles. She also now adjusted her estimates following strong quarterly results on Aug. 15./ck/edh

Publication of the original study: 16.08.2023 / 16:06 / GMT First disclosure of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

-----------------------

dpa-AFX Broker - the Trader News from dpa-AFX

-----------------------