Updates to Commerzbank, Apple, Bayer and thyssenkrupp

Updates to Commerzbank, Apple, Bayer and thyssenkrupp

UBS raises Commerzbank to 'buy' – target 10.20 euros

ZURICH – The Swiss bank UBS upgraded Commerzbank from "neutral" to "buy" in the course of the year following the massive price slide and left the price target at € 10.20. The current valuation reflects only the current return on the material equity (RED), wrote analyst Daniele Brupbacher in a study available on Thursday. The prospect of rising long-term interest rates and cost advantages would be neglected along with other opportunities.

Morgan Stanley lifts goal for Apple – 'Overweight'

NEW YORK – US investment bank Morgan Stanley has raised Apple's target price from $ 245 to $ 247 after product presentations and left the rating on "Overweight". Higher prices for the new iPhones and a dual-SIM feature are the positive surprises, wrote analyst Kathryn Huberty in a study on Thursday. It raised its sales and earnings estimates for the 2019 financial year by 4.3 and 4 percent.

Berenberg reduces target for Bayer to 107 euros – 'Buy'

HAMBURG – The private bank Berenberg has lowered the price target for Bayer from 113 to 107 euros, but left the rating on "Buy". The Leverkusen had recently disappointed with their outlook for 2018, analyst Alistair Campbell wrote in a study available on Thursday. He adjusted his estimates down. Now it depends on the goals for the coming year, which, however, are still waiting. Campbell still considers the stock to be significantly undervalued.

Hauck & Aufhäuser launches Continental with 'Hold' target 159 euros

HAMBURG – The private bank Hauck & Aufhäuser has included Continental with "Hold" and a target price of 159 euros in the valuation. Given the current headwind, the low valuation of the papers of the auto parts and tire companies appear fair at first, wrote analyst Christian Glowa in a study available on Thursday.

HSBC lowers target for Continental AG to € 170 – 'Hold'

LONDON – The British investment bank HSBC has lowered the price target for Continental from 225 to 170 euros, but left the rating on hold. Analyst Henning Cosman cut estimates for adjusted operating income (Ebit) until 2020 as a result of the recent profit warning in a study on Thursday. The auto supplier and tire manufacturer was rated low, but lacked the course drivers.

Goldman lowers target for Dürr to € 43.50 – 'Neutral'

NEW YORK – The US investment bank Goldman Sachs has lowered the price target for Dürr from 45.50 to 43.50 after an investor event and left the rating on "neutral". The problems at the Dürr-counting machine manufacturer Homag should be solved by the end of the year, but the sector profitability is likely to be only at the lower end of the targeted range, wrote analyst Jack O'Brien in a study available on Thursday.

Independent Research lowers target for Thyssenkrupp – 'hold'

FRANKFURT – The analyst firm Independent Research lowered its price target for thyssenkrupp from € 23.50 to € 22.00 and left the rating on hold. The search for a chairman of the supervisory board, in view of diverging interests not surprisingly, has not yet been crowned with success, wrote analyst Sven Diermeier in a study available on Thursday. Public refusals made efforts difficult. According to Diermeier, there is a separation in the marine segment.

Barclays lowers goal for 1 & 1 Drillisch to 65 Euro – 'Overweight'

LONDON – The British investment bank Barclays has lowered the price target for 1 & 1 Drillisch from 75 to 65 Euro, but left the rating on "Overweight". Analyst Maurice Patrick screwed down his forecasts for 2019/20 in a study available on Thursday. In the long term, he still sees considerable potential in the mobile communications sector, but in the short term he prefers papers from Telefonica Deutschland and United Internet.

Needham raises target for Apple to $ 260 – 'Buy'

NEW YORK – US investment bank Needham has raised its price target for Apple from 220 to 260 US dollars after the annual product presentation and left the rating on "buy". For the first time the expensive iPhone models would be offered much earlier than the cheaper alternatives – a strategy that is common practice in the film industry to increase sales, wrote Laura Martin in a study on Thursday. The expert also welcomes the high average average service life of the iPhones she has calculated for 3.5 years. Old devices would be passed on to younger customers who would be infected by the Apple virus and also booked profitable additional services.

Warburg Research picks up Wacker Neuson again with 'Hold'

HAMBURG – The analysis house Warburg Research has taken the valuation of the papers of Wacker Neuson (Wacker Neuson SE) with "Hold" and a target price of 26.10 euros. The poor availability of components for the company's machinery remains a problem, wrote analyst Jonas Blum in a study on Thursday after a visit to the construction equipment manufacturer. In view of the investment plans, a special dividend is unlikely.

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