HAMBURG (dpa-AFX Broker) - The research firm Warburg Research has lowered its price target for Evotec from €14 to €12.10, but has maintained its "buy" rating. The Biologics segment – development and production services for antibodies, next-generation biologics and biosimilar products – performed surprisingly well, wrote analyst Christian Ehmann in his review of the financial results published on Wednesday. However, the outlook for 2025 was disappointing, especially with regard to margins.

Publication of the original study: April 23, 2025 / 8:15 a.m. / CEST

Initial distribution of the original study: April 23, 2025 / time not specified in study / CEST

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