NEW YORK (dpa-AFX Broker) - The analyst firm Jefferies has downgraded Encavis from "Buy" to "Hold" and lowered the price target from 19 to 17.50 euros. The first quarter of the operator of solar and wind parks was weaker than expected, wrote analyst Martin Comtesse in a study published on Friday. The management is now dependent on a stronger meteorological tailwind in the further course of the year for its targets for this year. He justified the downgrade with the upcoming takeover bid from KKR. He does not expect any major obstacles for the business./tih/he

Publication of the original study: 03.05.2024 / 10:19 / ET First transmission of the original study: 03.05.2024 / 10:19 / ET

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