FRANKFURT (dpa-AFX Broker) - Deutsche Bank Research has upgraded Verbio from "Sell" to "Hold" after the second quarter figures, but lowered the price target from 22 to 21 euros. The decline in biodiesel and ethanol spreads and falling greenhouse gas quotas impacted the biofuel producer's operating profit development, analyst Niklas Becker wrote in a study published on Friday. Based on the results and the current targets, the expert updated his valuation model. The challenging environment in which the company is operating is now probably priced in and the downside risks are limited./tih/edh

Publication of the original study: 09.02.2024 / Time not specified in study / CET

First dissemination of the original study: 09/02/2024 / 06:42 / CET

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

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

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