HAMBURG (dpa-AFX Broker) - Private bank Berenberg cut its price target for New Work to 115 euros from 137 euros after figures, but left its rating at "Hold". Trends in key labor markets in Europe weakened and continued to weigh on all parts of the Xing parent company's business, analyst Wolfgang Specht wrote in a research note presented Tuesday. This is likely to continue. The required recovery in profitability in the second half of the year to achieve the annual targets is heavily dependent on successful cost-cutting measures, he added./ck/la

Publication of the original study: 14.08.2023 / 16:56 / GMT

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

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