HAMBURG (dpa-AFX) - The analyst firm Warburg Research has upgraded Scout24 from "Hold" to "Buy" and raised its price target from EUR 61 to EUR 79. Last week, the Internet portal operator presented preliminary annual figures and issued surprisingly good medium-term targets at a capital market day, analyst Marius Fuhrberg wrote in a study published on Friday. Due to the expected recovery of the German real estate market and the convincing corporate strategy, he raised his sales estimates and continues to expect a strong margin recovery./gl/edh

Publication of the original study: 08.03.2024 / 08:15 / CET First dissemination of the original study: Date not specified in study / Time not specified in study / CET

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