Sartorius: UBS downgrades buy rating
(CercleFinance.com) - UBS has downgraded its buy rating on the Sartorious stock adopting a neutral stance, while adjusting its corresponding target price from 142 euros to 147 euros, with the broker noting that "Investors' concerns didn't materialize in Q4".
"Nervousness crept into Sartorius's valuation after Q3 was driven by soft demand in the Lab Products and Service division (27% of sales) due to macroeconomic headwinds," however, the broker added.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
"Nervousness crept into Sartorius's valuation after Q3 was driven by soft demand in the Lab Products and Service division (27% of sales) due to macroeconomic headwinds," however, the broker added.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.