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Schindler: UBS cuts target price

( - While maintaining its "neutral" position on Schindler, UBS has cut its target price for the share from 215 Swiss francs to 205 Swiss francs, which suggests upside potential of 4% the Swiss manufacturer of lifting equipment.

"Schindler should continue to deliver solidly but margin expansion could be slowed by headwinds from the Chinese market," the broker summarises in its note on the stock.

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