NEW YORK (dpa-AFX Broker) - U.S. bank JPMorgan raised its price target for Thyssenkrupp to 5.70 euros from 5.10 euros, but left its rating at "underweight." After European steel shares have risen more than 30 percent in some cases since November, he is more cautious than consensus on the upcoming financials for the final quarter of 2022, analyst Dominic O'Kane wrote in an industry report released Thursday. These are likely to lower earnings estimates for the opening quarter as well as 2023 as a whole, although JPMorgan economists now no longer expected a recession in Europe. In addition, there is still a risk of a US recession in the final quarter./gl/la

Publication of the original study: 18.01.2023 / 20:52 / GMT First circulation of the original study: 19.01.2023 / 00:15 / GMT

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