First Berlin cuts Schloss Wachenheim price target to EUR 17###
Bitget2026/09/28 07:29- First Berlin cut its rating on Schloss Wachenheim to Add from Buy, lowering its target price to EUR 17 from EUR 18.
- FY ended June 30 results missed First Berlin forecasts and prior guidance; sales rose 0.3% to EUR 448.9 million, EBIT increased 1.5% to EUR 27.6 million.
- Management guided for slight volume and sales growth, forecasting EBIT of EUR 28 million to EUR 32 million for 2026/27.
- First Berlin reduced 2026/27 sales and EBIT estimates by 4.4% and 7.8% to align with guidance.
- Downgrade reflected 12% implied upside to the new target price, below First Berlin’s 25% threshold for a Buy.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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