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Investing.com - Deutsche Bank (ETR:DBKGn) lowered its price target on OC Oerlikon Corp AG (SIX:OERL) to CHF4.00 from CHF4.30 while maintaining a Hold rating on the stock.
The Swiss industrial group faces increasing cautiousness amid ongoing trade disputes and a weak European industrial environment, according to Deutsche Bank’s analysis.
End market conditions remain challenging for OC Oerlikon, particularly in the general and tooling industry, luxury goods, and automotive sectors.
The company has initiated several measures to address the market downturn, including portfolio optimization that resulted in impairments to R&D projects and certain assets.
Deutsche Bank noted that OC Oerlikon plans additional structural cost-cutting measures to optimize operations and improve profitability, with its short-term outlook largely dependent on an easing in trade policy and recovery in end-market development.
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