NEW YORK (dpa-AFX) – The Canadian bank RBC has left the rating for Evotec (EVOTEC SE) with a price target of 18.60 euros following the resignation of the CEO and the confirmed annual outlook for “Sector Perform”. The surprising departure of Werner Lanthaler is likely to be received negatively by the markets, wrote analyst Charles Weston in a study available on Thursday. Fortunately, the active ingredient researcher has long been known for the fact that the company management is available to investors and analysts during earnings discussions and the frequent capital market days. In this respect, he believes that the company’s business is in safe hands while a new CEO is being sought./edh/gl
Publication of the original study: January 3, 2024 / 5:35 p.m. / EST First distribution of the original study: January 4, 2024 / 12:45 a.m. / EST
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