FRANKFURT (dpa-AFX Broker) - Shares in Ceconomy continued their rally on Thursday, reaching their highest level since July 2023 at 2.85 euros. In four trading days, the shares of the electronics retailer have now climbed by more than a third.

Analyst Andreas Riemann from Oddo BHF, looking at the preliminary figures and quarterly report from this week, believes that the worst margin pressure is now over. The gross margin in the second quarter was a positive surprise. Riemann raised his estimates and dropped his negative rating. He is now voting "Neutral" with a target price of EUR 2.60./ag/stk/men