MUNICH (dpa-AFX Broker) - Baader Bank has left Brenntag at "Add" with a target price of 85 euros after the quarterly figures. The chemicals trader had a subdued start to the year and reported a significant decline in operating EBITA, analyst Christian Obst wrote in a study published on Tuesday. The decline in cash inflow was even more pronounced. In addition, the Ebita target for the year is now at the lower end of the expected range. However, the consensus estimates are likely to change only marginally. In addition, the share price has already fallen by 6 percent since the beginning of the year, while the DAX has gained 12 percent./gl/la

Publication of the original study: 14/05/2024 / 07:53 / CEST First dissemination of the original study: Date not specified in study / Time not specified in study / CEST

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