FRANKFURT (dpa-AFX Broker) - Investment bank Oddo BHF cut its price target for Varta from 30 to 20 euros, but left its rating at "Neutral". There is nothing to cheer about for the battery maker in the near term, analyst Fabian Semon wrote in a research note presented Tuesday. Apple's AirPods 3, for which Varta is probably the only supplier, did not seem to become a bestseller. The expert expects weak profitability, capital requirements and necessary write-offs. Energy storage systems are probably the only growth story, he said, but bring only limited potential for value growth./tih/ajx

Publication of the original study: 22.05.2023 / 17:33 / CEST

First disclosure of the original study: 23.05.2023 / 08:14 / CEST

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