HAMBURG (dpa-AFX Broker) - The private bank Berenberg has downgraded Sixt ordinary shares from "Buy" to "Hold" and lowered the price target from EUR 133 to EUR 94. With the surprisingly reduced earnings target for 2024, the car rental company has shifted down a gear, analyst Yasmin Steilen said in a study published on Monday. The timing of the profit warning - just two weeks after an analyst meeting and the presentation of the new CFO Franz Weinberger - has increased investors' concerns about future capital market communication and poses major challenges for Weinberger./edh/zb

Publication of the original study: 06.05.2024 / 06:01 / GMT

First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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