HAMBURG (dpa-AFX Broker) - Hauck Aufhäuser Investment Banking has downgraded New Work from "Hold" to "Sell" in view of the planned Burda withdrawal, although the price target was raised from 51 to 66.25 euros. Burda Digital is offering the remaining shareholders 66.25 euros per share, wrote analyst Finn Kemper in a study published on Tuesday and adjusted his price target to this price. He recommends that shareholders accept the offer and sell their shares. The decision allows Burda to transform the Xing platform into a job recruiting network - without the usual reporting constraints./tih/bek

Publication of the original study: 04.06.2024 / 07:52 / CEST

First dissemination of the original study: 04.06.2024 / 08:06 / CEST

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