Analyst Cuts Forecast After Weak Q4 Earnings

Warburg Research Downgrades Wacker Neuson to 'Hold'

Analyst Cuts Forecast After Weak Q4 Earnings

Research Firm Warns of Market Pressures and Supply Chain Constraints

Warburg Research has lowered its rating for Wacker Neuson to 'Hold' following the company's disappointing fourth-quarter earnings report.

Analyst Stefan Augustin said in a note to clients that the company's earnings per share (EPS) came in below expectations, and that revenue growth was also weaker than expected due to market pressures and ongoing supply chain constraints.

Augustin also cut his target price for Wacker Neuson shares from EUR 25 to EUR 18. He said that the company's earnings outlook for 2023 remains uncertain, and that he sees limited upside potential for the stock in the near term.