HAMBURG (dpa-AFX Broker) - The analyst firm Warburg Research has downgraded Hensoldt from "Buy" to "Hold" and left the target price at 39.50 euros. In a study published on Friday, analyst Christian Cohrs pointed out that the defense electronics specialist has successfully completed the acquisition of the military services provider ESG and updated its forecasts for the corresponding acquisition and consolidation effects. However, ESG is unlikely to make a positive contribution before 2028. In this respect, the deal is a smart move to complement the product and service offering, but will not add value in the short term. In addition, the Hensoldt share has risen by almost 80 percent since the beginning of the year./ck/edh

Publication of the original study: 05.04.2024 / 08:15 / CEST

First dissemination of the original study: Date not specified in study / Time not specified in study / CEST

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