Analysts at RBC Capital lowered their target price for Thyssenkrupp (ETR:) Nucera AG (NCH2:GR) shares to EUR 20.00 (from EUR 21.00), while maintaining an Outperform rating.
Analysts commented: “We have been discussing our recent initiative with investors over the past few weeks and in this note we provide some feedback as well as rebuttal to our positive view. We continue to like nucera for its fully funded growth plans. and superior performance and commercial reputation. We confirm our superiority while reducing our PT to €20 (down from €21).”