ZURICH (dpa-AFX) - Major Swiss bank UBS cut its price target for Bechtle to 36.30 euros from 40.00 euros, but left its rating at "neutral". So far, the demand environment for software resellers has not worsened, analyst Kathinka De Kuyper, who is responsible for the company as of now, wrote in an industry report available Tuesday. However, risks were rising given the uncertain macroeconomic backdrop, while margins were coming under pressure due to a higher cost base./edh/tih

Publication of the original study: 10.01.2023 / 01:39 / GMT First disclosure of the original study: 10.01.2023 / 01:39 / GMT

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