Börse Express – Analysts for EVN, Varta, Verbund and voestalpine

Commerzbank confirms the Reduce recommendation for voestalpine – and increases the target price from 14.0 to 22.0 euros. Now no longer the lowest of all course targets. Last closing price: 25.55 euros – average target price: 21.81 euros.

Wr. Privatbank confirms the recommendation to sell – and increases the price target from 18.2 to 20.0 euros.

Barclays reduced the recommendation of Equalweight to underweight for Verbund – and the target price from 44.0 to 43.0 euros. Last closing price: 54.15 euros – average target price: 44.83 euros.

RCB confirms the Buy recommendation for EVN – and increases its target price from 19.0 to 20.0 euros. Last closing price: 14.78 euros – average target price: 17.75 euros.

Commerzbank confirms the Hold recommendation for Varta – and reduces the target price from 125 to 115 euros. Last closing price: 115.5 euros – average target price: 119 euros.

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Börse Express – voestalpine – Credit Suisse confirms “underperform” rating / price target revised slightly upwards from 19 to 20 euros

The analysts at Credit Suisse have revised their price target for shares in the domestic steel group voestalpine slightly upwards from EUR 19.0 to EUR 20.0. The sales recommendation “underperform” was confirmed according to the latest second quarter figures in the study by experts Carsten Riek and Tom Zhang.

Earnings after taxes, depreciation and amortization (EBITDA) clearly exceeded market expectations in the past fiscal quarter. The experts now also raised their profit expectations a little and this led to the slight improvement in the price target. As expected, the company’s outlook was also left unchanged.

On Wednesday morning, voestalpine stocks were listed on the Vienna Stock Exchange with an increase of 1.30 percent at 25.79 euros.

Analyzerendes Institut Credit Suisse

Note: Information on the obligation to disclose in the event of conflicts of interest within the meaning of Directive 2014/57 / EU and the corresponding EU regulations for the aforementioned analyst house can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html. (The published web links are taken over unchanged from the dpa-AFX website.)

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 ISIN  AT0000937503
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Börse Express – Vienna Stock Exchange (opening) – ATX slightly weaker in the morning / leading index down 0.23 percent – Negative environment after weak Asia targets

The Vienna Stock Exchange presented itself with slight price losses on Friday morning. The ATX started the session weaker, but was able to contain the discounts quickly and was at 2,029.50 points at 9:45 a.m., which is a drop of 4.69 points or 0.23 percent.

The European stock exchange environment also started trading with discounts. In particular, the current tightening of restrictions in numerous countries and their economic consequences are causing uncertainty. In addition, the specifications for the Asian markets were negative.

The shares of Palfinger were a good three percent weaker according to the figures. The Salzburg crane manufacturer felt the corona crisis. Even if the economy recovered in the third quarter, the company was unable to compensate for the massive slump in the first half of the year.

The bigger losers also included DO&CO with minus 2.9 percent and Vienna Airport, which fell 2.2 percent. FACC and Mayr-Melnhof were each around 1.8 percent in the red.

Voestalpine was 1.4 percent weaker among the index heavyweights. In contrast, Verbund was able to increase by 0.9 percent. The domestic bank stocks showed little change with exchange rate losses of between 0.1 and 0.5 percent.

In a strong European oil sector, domestic industry representatives were also able to make up ground. Schoeller-Bleckmann headed the list of winners in the prime market with a price increase of 1.25 percent. OMV improved slightly by 0.2 percent.

The ATX Prime was listed at 1,036.78 points, 0.28 percent or 2.9 points lower. In the prime market, eleven stocks showed higher prices, 19 lower prices and four unchanged. There has been no price formation in four stocks so far. Up to 9.45 a.m., a total of 639,464 shares were traded in single counting with a market value of 12.993 million euros (double counting).

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Börse Express – Analysts on Bawag, Erste Group, Raiffeisen Bank International, Verbund and voestalpine

Societe Generale confirms the Buy recommendation for Erste Group – and reduces its target price from EUR 26.0 to EUR 25.0. Last closing price: 18.34 euros – average target price: 27.3 euros.

HSBC confirms the recommendation to buy – and increases the target price from 27.0 to 28.0 euros.

HSBC increases Raiffeisen Bank International’s recommendation from Hold to Buy – and its price target from 17.0 to 18.0 euros. Last closing price: 13.34 euros – average target price: 19.18 euros.

HSBC confirms the Buy recommendation for Bawag – and increases its target price from EUR 44.0 to EUR 46.0. Last closing price: 34.24 euros – average target price: 40.98 euros.

Kepler Cheuvreux confirms the Reduce recommendation for voestalpine – and increases the target price from EUR 15.0 to EUR 16.0. Last closing price: 25.2 euros – average target price: 20.77 euros.

Kepler Cheuvreux increases the recommendation from Reduce to Buy for Verbund – and the price target from EUR 30.0 to EUR 60.0. From lowest to highest of all price targets. Last closing price: 52.15 euros – average price target: 43.8 euros.

(Bloomberg/red)

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Börse Express – analysts on Bawag, Erste Group, Raiffeisen Bank International, Semperit, voestalpine and Zumtobel

JPMorgan ranks Erste Group with an overweight recommendation – and names 25.0 euros as a target price. Last closing price: 17.245 euros – average target price: 27.08 euros.

JPMorgan has given Raiffeisen Bank International a new rating of neutral – and names 16.7 euros as a target price. Last closing price: 12.98 euros – average target price: 19.12 euros.

Exane BNP Paribas confirms the underweight recommendation for voestalpine – and increases the target price from EUR 16.0 to EUR 17.3. Last closing price: EUR 24.05 – average target price: EUR 20.5.

Kepler Cheuvreux confirms Zumtobel’s buy recommendation – and reduces the price target from EUR 11.5 to EUR 8.5. Now ex aequo the highest of all course targets. Last closing price: 5.5 euros – average target price: 7.75 euros.

JPMorgan re-rates Bawag with an overweight recommendation – and names EUR 46.0 as a target price. Last closing price: 31.8 euros – average target price: 40.38 euros.

Erste Group increases Semperit’s recommendation from Hold to Accumulate – and its price target from EUR 17.7 to EUR 26.5. Now the highest of all course goals. Last closing price: 21.7 euros – average target price: 23.1 euros.

(Bloomberg/red)

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Börse Express – analysts on Andritz, Bawag, Erste Group, OMV, Raiffeisen Bank International, Semperit, voestalpine

Morgan Stanley ranks Erste Group with the recommendation Equalweight – and names 25.0 euros as a target price. Last closing price: 17.28 euros – average target price: 27.11 euros.

Morgan Stanley re-classifies Raiffeisen Bank International with the recommendation Equalweight – and names 15.3 euros as a target price. Last closing price: 13.09 euros – average target price: 19.03 euros.

Morgan Stanley re-rates Bawag with an overweight recommendation – and names EUR 47.0 as a target price. Last closing price: 32.82 euros – average target price: 39.75 euros.

Goldman Sachs confirms the buy recommendation for Andritz – and increases the price target from 39.0 to 40.0 euros. Last closing price: 30.62 euros – average target price: 37.76 euros.

Oddo BHF confirms the neutral recommendation for voestalpine – and increases the price target from EUR 22.0 to EUR 24.0. Last closing price: 24.19 euros – average target price: 20.41 euros.

Morgan Stanley confirms the Equalweight recommendation for OMV – and reduces the price target from EUR 31.8 to EUR 29.1. Last closing price: 23.28 euros – average target price: 33.90 euros.

HSBC confirms the Buy recommendation for Semperit – and increases its target price from EUR 20.0 to EUR 25.0. Now ex-aequo the highest of all course targets. Last closing price: 22.85 euros – average target price: 21.34 euros.

(Bloomberg/red)

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Börse Express – Vienna stock market expected to be weaker on the stock exchange / Negative overseas requirements

The Vienna stock market is expected to start trading on Tuesday with a weak trend. The domestic leading index ATX was indexed half an hour before the start of the session by a good 1.2 percent.

The European environment is also seen today with clear discounts after the friendly start of the week. Market observers referred to the negative requirements of the overseas stock exchanges. Growing corona concerns in the United States and the renewed tensions between the United States and China could also cloud the mood on the European stock exchanges, it said.

On the data side, the German ZEW survey is an important leading indicator for publication today. The data on industrial production in the eurozone and, in the afternoon, US consumer prices could also provide impetus for the financial markets.

The reporting situation in Vienna initially remained rather thin. Vienna Airport today announced traffic results. In the evening, after the close of trading in Vienna, Telekom Austria presents figures for the first half of the year.

On Monday, the ATX closed 1.04 percent higher at 2,301.70 points. According to market observers, investors’ hopes for the upcoming reporting season and a better-than-previously feared Corona quarter provided for a boost on the stock markets.

Support has recently also been given encouraging economic data, it said. Attention was also drawn to the growing hope of a vaccine against the coronavirus.

An industry comparison in Europe showed steel stocks among the larger winners. JPMorgan analysts pointed to a sharp rise in steel production in China at prices at the highest level of the year. In Vienna, voestalpine shares rose 2.39 percent.

Among the bigger winners were the titles of the Verbund with a price increase of 4.77 percent. EVN shares, on the other hand, were found at the lower end of the price list at minus 2.17 percent.

The biggest price winners in the prime market on Monday:

Zumtobel  +7,64% 6,48 Euro 
Verbund   +4,77% 43,08 Euro
Palfinger +4,06% 20,50 Euro

The biggest losers in the prime market on Monday:

Porr   -2,93% 14,58 Euro
s Immo -2,82% 16,52 Euro
EVN    -2,17% 14,42 Euro

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