Thyssenkrupp Nucera AG (NCH2:GR) PT Lowered to EUR20 at RBC Capital

RBC Capital analysts lowered the price target on Thyssenkrupp (ETR:) Nucera AG (NCH2:GR) to EUR20.00 (from EUR21.00) while maintaining an Outperform rating.

The analysts comment: “Over the last few weeks we’ve been discussing our recent initiation with investors, and in this note we run through some feedback as well as pushback to our positive view. We continue to like nucera for its fully funded growth plans and superior execution and commercial credentials. We reiterate Outperform, while reducing our PT to €20 (down from €21).”