HAMBURG (dpa-AFX) - The private bank Berenberg has raised the target price for SAF-Holland from 24 to 25 euros and left the rating at "Buy". In a study published on Tuesday, analyst Yasmin Steilen referred to an information event in London at the end of June, shortly after the supplier to the truck industry had raised its annual target for operating profitability. The company is playing to its defensive strengths, she wrote. The event and the previous target increase underpinned her investment thesis that SAF-Holland can cope with a normalization of the truck and trailer market after two years of high production volumes thanks to its robust spare parts business and strict cost management./ck/bek

Publication of the original study: 15.07.2024 / 16:38 / 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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