FRANKFURT (dpa-AFX) - The investment bank Stifel has downgraded Wacker Chemie from "Buy" to "Hold" and lowered its price target from 138 to 122 euros. The new rating for the chemical stock results from the decline in earnings he expects in 2024, analyst Andreas Heine wrote in a study published on Thursday. He is significantly below the consensus estimates here. At present, it is also difficult to estimate the further development./mf/gl

Publication of the original study: 03.01.2024 / 14:00 / EST First transmission of the original study: 04.01.2024 / 01:00 / EST

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