Bernstein downgraded Gerresheimer (GRRMF) to Underperform from Outperform with a price target of EUR 47.50, down from EUR 84.50. The firm believes a private equity bid at the current share price is unlikely. It sees questions around management’s reliability and execution.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GRRMF:
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue