Deutsche Bank downgraded Meyer Burger Technology to Hold from Buy with a price target of CHF 0.11, down from CHF 0.78. The company announced its plan to close its production site in Germany given the ongoing destocking issue and unfavorable market competition in Europe, the analyst tells investors in a research note.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on MYBUF: