ANALYSIS FLASH: Warburg Research leaves Beiersdorf on ‘Hold’ – target of 105 euros

HAMBURG (dpa-AFX Broker) – After the announcement of an acquisition, Warburg Research left Beiersdorf on “Hold” with a target price of 105 euros. The takeover of the US luxury skin brand Chantecaille, announced the previous evening, is the first since 2019, wrote analyst Jörg Frey in a first reaction on Wednesday. However, Frey sees her with mixed feelings. Although every acquisition increases earnings with positive margins, the successful transaction of a brand previously managed by the founder is a special challenge. At the same time, the consumer goods manufacturer has no significant integration experience, which is probably why the new brand will be run separately from the luxury brand La Prairie and there is no talk of synergies./ck/la

Publication of the original study: December 22, 2021 / 8:15 am / CET

First distribution of the original study: December 22, 2021 / 8:15 am / CET


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