HAMBURG (dpa-AFX) - The analyst firm Warburg Research has lowered its price target for Varta from 16 to 15 euros and left its rating at "Sell". The cyberattack on the battery manufacturer is likely to weigh on the first quarter, analyst Robert-Jan van der Horst wrote in a study published on Thursday. He lowered his estimates for 2024 and 2025, resulting in the new price target. The limited predictability of the further development justifies a Sell recommendation, he added./mf/gl

Publication of the original study: 15.02.2024 / 08:15 / CET First dissemination of the original study: Date not specified in study / Time not specified in study / CET

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