FRANKFURT (dpa-AFX Broker) - Investment bank Oddo BHF left its rating on Adva at "underperform" after figures with a price target of 20 euros for the time being. The telecom equipment maker had a bearish final quarter of 2022 and exceeded expectations in almost all respects, analyst Nicolas Thorez wrote in a research note issued Tuesday. The company successfully navigated a challenging environment, he added. However, after the recent gains and due to the rather low liquidity of the shares after the acquisition by Adtran, the analyst maintains an 'underweight' rating./mis/ag

Publication of the original study: 21.02.2023 / / CET

First dissemination of the original study: 21.02.2023 / / CET