NEW YORK (dpa-AFX Broker) - The Canadian bank RBC has upgraded Gea by two steps from "Underperform" to "Outperform" and raised the target price significantly from 32 to 44 euros. After the share price decline over the past 18 months, the shares of the plant engineering company appear extremely attractive at the current level, analyst Sebastian Kuenne explained his positive investment recommendation in a study published on Tuesday. In addition, the stock is pricing in a sharp decline in earnings for 2024, which he considers unlikely. With the prospect of a gradual recovery in the milk and food sales market by the end of 2024, he has also raised his estimates for 2025./edh/bek

Publication of the original study: 12.03.2024 / 01:54 / EST

First distribution of the original study: 12.03.2024 / 01:54 / EST

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