2011/5/18

ThyssenKrupp: Credit Suisse raises the price target


Credit Suisse reiterated its view "overweight" on ThyssenKrupp and notes the price target to 40 euros, against 38 euros previously, noting that Friday's release reinforces its forecast for 2012.
The research department indicates that the figures announced by the group for the second quarter of 2010-2011 proved to expectations.
Analysts welcomed the strategy which expressed management, which aims to transform the group's portfolio.
According to Credit Suisse's operational performance remains strong, particularly for industrial and steel.