Berenberg Bank cuts Centrotherm share target, affirms "buy" stance
Oct 6, 2011 - Berenberg Bank today reduced the share price target on German solar power technology maker Centrotherm Photovoltaics (ETR:CTN) to EUR 25 from EUR 36 but affirmed its "buy" recommendation.
The market dynamics is expected to slow down as customers have stalled orders, analyst Lars Dannenberg wrote in a study.
However, at its current level, the share price of the company is underrated, the analyst added.
At 1507 CET today Centrotherm's share advanced 1.68% to EUR 14.865 in floor trading on the Frankfurt Stock Exchange. The stock gained 4.22% to EUR 15.055 at 1612 CET on Xetra.