HSBC downgraded Scout24 to Hold from Buy with a price target of EUR 76, up from EUR 70. The company’s capital markets day delivered on expectations with “encouraging mid-term guidance across the board,” the analyst tells investors in a research note. The firm, however, believes the Scout24 “story needs near-term catalysts” and sees a balanced risk/reward at current share levels.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SCOTF:
- Scout24 downgraded to Hold from Buy at Jefferies
- Scout24 price target raised to EUR 72 from EUR 66 at UBS
- Scout24 price target raised to EUR 83 from EUR 77 at Berenberg
- Scout24 price target raised to EUR 75 from EUR 73 at Morgan Stanley
- Scout24 price target raised to EUR 81.10 from EUR 80 at Barclays
