NEW YORK (dpa-AFX Broker) - Analysts Jefferies cut its price target for Basler to 26 euros from 30 euros, but kept its rating at "hold." He sees the weighed-down profitability in the fourth quarter as temporary, analyst Martin Comtesse wrote in a research note issued Wednesday. The bigger short-term problem, he said, is the image processing specialist's rapidly deteriorating order-to-sales ratio. He reduced his earnings (EPS) forecasts for 2023 to 2025 and recommends investors stay on the sidelines despite the recent stock price correction./edh/la

Original publication date: 04.04.2023 / 12:22 / ET

First disclosure of original study: 04.04.2023 / 19:00 / ET

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