FRANKFURT (dpa-AFX Broker) - Analyst firm Kepler Cheuvreux has upgraded Bilfinger from "Hold" to "Buy" and raised its price target from 35.50 to 52.00 euros. Analyst Craig Abbott abandoned his skeptical and wait-and-see attitude towards the industrial services provider in a study published on Wednesday. He gave four reasons for this: The SDax company had achieved the targets it had set itself and the efficiency measures were paying off, meaning that the medium-term profitability targets appeared increasingly realistic. In addition, although demand in the end market is not ideal, it supports Bilfinger's growth strategy. In addition, the valuation of the share is still quite attractive even after the first revaluation./ck/tih

Publication of the original study: 20.02.2024 / 18:50 / GMT

First dissemination of the original study: 21/02/2024 / 05:31 / GMT