Sep 5, 2011 - Deutsche Bank today upgraded its recommendation on German wind turbine maker Nordex (ETR:NDX1) to "buy" from "sell" and kept its EUR 4 share price target.
The company's share has almost reached the assigned price target, the analysts wrote in a study. The low short-term business perspectives have been already priced in.
At 1550 CET today Nordex' share lost 6.17% to EUR 4.089 in floor trading on the Frankfurt Stock Exchange. The stock dropped 4.78% to EUR 4.102 at 1533 CET on Xetra.
(EUR 1.0 = USD 1.411)
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