In a report released today, Martin Comtesse from Jefferies reiterated a Buy rating on Fuchs Petrolub, with a price target of €55.00.
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Martin Comtesse’s rating is based on the anticipation that the current challenges faced by Fuchs Petrolub, particularly in the automotive sector, are already reflected in the stock’s price. Despite the expectation of a subdued third quarter, the company is actively managing its costs, which should help stabilize its financial performance.
Comtesse believes that the potential for a guidance downgrade is already priced in, and the third quarter could serve as a pivotal moment for the company. With the stock trading at a reasonable valuation, the outlook for the next fiscal year appears constructive, supporting the Buy rating.