NEW YORK (dpa-AFX Broker) - Analysts Jefferies raised its price target for Hochtief to 90 euros from 75 euros and left its rating at "hold." Higher interest rates, increasing political interference and the diminishing importance of the recovery from the Corona measures are weighing on the infrastructure sector, analyst Graham Hunt wrote in an industry report released Tuesday. Meanwhile, construction stock Hochtief's positioning in the U.S. market in high-margin but low-risk projects argues in its favor./mf/edh

Original study publication date: 09.10.2023 / 14:34 / ET

First disclosure of original study: 09.10.2023 / 19:00 / ET

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