HAMBURG (dpa-AFX Broker) - Private bank Berenberg has lowered its price target for Adesso from 196 to 187 euros after figures, but left its rating at "Buy". The IT service provider's sales grew very strongly in the first half of the year and above average compared to the market, analyst Wolfgang Specht wrote in a study presented on Tuesday. However, profitability remains under pressure, not least due to wage inflation, he added. However, he is confident that Adesso will achieve its annual targets at the lower end of the stated range./ck/la

Publication of the original study: 14.08.2023 / 16:15 / GMT

First disclosure of the original study: Date not stated in study / Time not stated in study / Time zone not stated in study

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