Baader Bank has once again rated the shares of Krones AG with a “Buy” rating and a price target of 160 euros just before the release of the quarterly figures on July 30. This assessment underscores a positive market forecast, although compared to the above-average strong figures of the first quarter, more solid but overall somewhat lower results are anticipated.
The reason for the more cautious revenue development is the ongoing customs uncertainties, which could particularly lead to delayed investment decisions in the USA. Despite these challenges, the bank expects the trend towards increasing profitability to continue.
Deutsche Bank Remains Optimistic
In comparison, Deutsche Bank Research has also rated the stock as “Buy,” but has raised the price target from 171 to 175 euros. This reflects confidence in continued strong demand and nearly full capacity utilization at Krones.
Analyst Ratings Overview
Overall, analysts present a positive picture with varying price targets. While Baader Bank sets a target of 160 euros, Deutsche Bank considers 175 euros appropriate. Both banks rate Krones as worthy of purchase, making the stock interesting for investors. The confirmation of the “Buy” rating from Baader Bank further emphasizes trust in Krones’ mid-term growth prospects, irrespective of short-term challenges.