LONDON (dpa-AFX) - U.K. investment bank Barclays downgraded Gea to "equal weight" from "overweight," but raised its price target to 41 euros from 39 euros. The European capital goods industry closed 2022 on a decent note and should be poised for a "soft landing" this year, analyst Lars Brorson wrote in an industry report available Thursday. However, he said the market's 2023 earnings expectations (EPS) for the sector were closer to the peak than the trough, leaving little room for consensus estimates to rise. He justified the reduced investment vote for Gea by citing the now balanced risk/reward ratio./edh/ck

Publication of the original study: 11.01.2023 / 22:49 / GMT First circulation of the original study: 12.01.2023 / 05:10 / GMT

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