ANALYSE-FLASH: Baader Bank belässt Fuchs SE auf 'Add' - Ziel 48 Euro

Baader Bank reiterates Add rating on Fuchs SE, raises target price to 48 euros

Analyst Markus Mayer reiterated his Add rating on shares of Fuchs Petrolub SE in a research note to clients on Wednesday, while raising his price target on the stock from 45 euros to 48 euros.

Mayer described the company's preliminary full-year results as solid, particularly for the fourth quarter, in an environment impacted by difficult geopolitical events.

Baader Bank raised its sales and profit expectations

The analyst said that Baader Bank raised its sales and profit expectations for Fuchs Petrolub for the current and upcoming years on the back of further price increases and cost efficiency measures.

Mayer also highlighted the company's strong global market share in lubricants and the benefits it can reap from the structural growth in the Asia-Pacific and Middle East & Africa regions.