FRANKFURT (dpa-AFX) - A buy recommendation from Bank of America led to a recovery in Dürr's share price on Friday. The share price rose by 2.5 percent after analyst Elliott Robinson raised his recommendation to "buy". With a target price of EUR 27, he sees around 30 percent potential at the current level.

Two days ago, Dürr shares had countered their upward movement since October with price losses in a weak market environment. Analyst Robinson believes that the market is not yet pricing in a recovery in business at the wood processing subsidiary Homag. A slowdown is already expected in the painting and final assembly systems sector, which limits the resulting downside risks.

The discount to the capital goods sector is currently 50 percent, but 40 percent is more justified. The discount has also been up to 40 percent in the last ten years. Since the beginning of 2023, Dürr has fallen by 37 percent, while the Stoxx Europe 600 Industrial Goods & Services sector index has gained 18 percent in this period.

Even though Dürr shares recovered by up to 18 percent in a year-end rally, the share price remains in a valley in a historical context. It is a long way from the record level of EUR 60 in 2017 and is close to the EUR 20 mark. In October, the shares were still close to the ten-year low from 2020 at EUR 18.54./tih/gl/jha/