NEW YORK (dpa-AFX Broker) - U.S. investment bank Goldman Sachs downgraded Varta to "Sell" from "Neutral" and halved its price target to 15 euros from 30 euros. The battery maker continues to struggle with overcapacity for its main product, lithium-ion button cells, analyst Philipp Konig wrote in a research note presented Wednesday. He said there was a risk that Varta could miss its own targets this year. His estimates for sales and adjusted operating profit (Ebitda) were significantly below consensus forecasts./gl/tih

Publication of the original study: 24.05.2023 / 07:02 / BST First disclosure of the original study: Date not stated in study / Time not stated in study / Time zone not stated in study

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