KeyBanc analyst Paul Knight downgraded Gerresheimer (GRRMF) to Sector Weight from Overweight without a price target The firm thinks the recent private equity bid reported by Reuters represents limited upside to the shares. Due diligence and regulatory approval risk is likely to keep shares at a discount from a possible bid of EUR 90 per share, the analyst tells investors in a research note.
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Read More on GRRMF:
- KKR, Warburg Pincus consortium offers to acquire Gerresheimer, Reuters says
- Gerresheimer price target lowered to EUR 94 from EUR 96 at Deutsche Bank
- Gerresheimer price target raised to EUR 122.50 from EUR 111.40 at JPMorgan
- Gerresheimer’s Growth Potential and Market Recovery Justify Buy Rating Despite Short-term Challenges
- 0NTI Earnings this Week: How Will it Perform?
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