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On Monday, Deutsche Bank (ETR:DBKGn) adjusted its price target on shares of Norma Group SE (NOEJ:GR), a global market leader in engineered joining technology, lowering the target from EUR18.00 to EUR16.00 while maintaining a Hold rating on the stock. The adjustment follows Norma Group’s recent ad hoc release regarding its 2025 outlook, which was disclosed last Friday.
The company’s sales projections are aligned with market expectations, but the guidance for an adjusted EBIT (Earnings Before Interest and Taxes) margin of 7% at the midpoint falls 20% short of the consensus. Deutsche Bank’s analyst pointed to the prevailing uncertainty in the market, largely attributed to US trade policies, as a significant factor influencing the company’s outlook.
Norma Group has indicated plans to pass through any additional duties to its customers fully. However, the analyst noted that the end consumers’ subdued sentiment is impacting the business volume. Consequently, the company is preparing for a muted first half of the year, with prospects of improvement in the second half.
The current development of the USD exchange rate is also not working in Norma Group’s favor, adding to the company’s challenges as it navigates through the uncertain market conditions. The revised price target reflects these factors, as the company braces for a potentially sluggish start to the year with hopes for recovery later on.
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