ZURICH (dpa-AFX Broker) - Swiss major bank UBS has left Bilfinger at "buy" with a price target of 42 euros after announcing an acquisition. The industrial services provider is acquiring parts of the Stork Group in the Netherlands and Belgium as well as smaller units in Germany and the U.S. at a price that appears attractive, analyst Gregor Kuglitsch wrote in a research note published Thursday. He said he sees good upside potential for the shares as Bilfinger has improved its margins. News on the planned takeover should provide additional support./ck/mis

Publication of the original study: 07.09.2023 / 06:56 / GMT

First disclosure of the original study: 07.09.2023 / 06:56 / GMT

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