Original-Research: Deutz AG (von Quirin Privatbank Kapitalmarktgeschäft): Buy

Summary by AI BETAClose X

Quirin Privatbank Kapitalmarktgeschäft has updated its research on Deutz AG, reiterating a "Buy" recommendation and raising the target price to EUR 11.00 from the previous EUR 9.00. This update follows Deutz's acquisition of Sobek group, a specialist in electric drive and hydraulic systems, with annual sales of EUR 25-30 million and an EBITDA margin exceeding 30%. Sobek's focus on high-performance electric drive components for UAVs is expected to significantly boost Deutz's defence unit, which currently accounts for approximately 2% of group sales, and contribute to a higher valuation of the stock.

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Deutz AG (0E4K)
UK 100

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