Monday, March 5, 2012

WestLB sticks to German Gea's "add" rating, EUR 21 target.

(ADPnews) - Jul 30, 2010 - WestLB maintained on Friday the "add" recommendation and EUR 21 share price target on Gea Group AG (ETR:GEA) after the German technology firm announced its performance for the second quarter.

The company posted unimpressive figures with order intake, revenue and earnings before interest and tax (EBIT) meeting expectations, while pre-tax and net profit clearly falling short of projections, analyst Achim Henke wrote. In addition, the confirmed full-year guidance does not look good in the face of the …

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