(ADPnews) - Jul 27, 2010 - HSBC axed on Tuesday the share price target on German engineering group ThyssenKrupp (ETR:TKA) to EUR 28 from EUR 29 but maintained the "overweight" rating.
According to analyst Thorsten Zimmermann, the company will post some solid figures for the third quarter of fiscal 2009/10 which will prompt the market to raise its expectations. Thyssen's estimates for the final quarter will remain cautious due to seasonal effects and sinking steel prices. The reduced …
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