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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
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: