NEW YORK (dpa-AFX) - The Canadian bank RBC has left Beiersdorf at "Sector Perform" with a target price of 114 euros after the quarterly figures. The consumer goods manufacturer had disappointed, for which not only the luxury brand La Prairie was responsible, but also Nivea, analyst Emma Letheren wrote in a study published on Thursday. The outlook for 2024 also falls short of expectations. Although the company traditionally sets itself conservative targets, the medium-term goal of profitable growth in the consumer business sounds very different from the margin increase targets of more than 0.5 percent per annum issued in recent years./gl/ck

Publication of the original study: 29.02.2024 / 02:42 / EST

First dissemination of the original study: 02/29/2024 / 02:42 / EST

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