LONDON (dpa-AFX Broker) - The British investment bank Barclays has upgraded Ionos to "Overweight" with a target price of 24 euros following a major contract from the federal administration. The IT service provider has signed a new cloud solutions contract with the Informationstechnikzentrum Bund (ITZBund) for 200 German federal authorities, analyst Emily Johnson wrote in a study published on Tuesday. Although the exact start date and financial impact are still unclear, she said the contract should make an important contribution to reaccelerating Ionos' cloud growth./ck/la

Publication of the original study: 02.04.2024 / 08:37 / GMT

First disclosure of the original study: 02.04.2024 / 08:37 / GMT

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