The US investment bank Goldman Sachs has downgraded TeamViewer from “Buy” to “Neutral” and lowered the price target from 17 to 12 euros.
His buy recommendation for TeamViewer was based, among other things, on the prospect of share buybacks, wrote analyst Mohammed Moawalla on Thursday evening. However, distributions have become more uncertain in view of the takeover of 1E. However, Moawalla remains optimistic about the growth potential.
On XETRA, the TeamViewer share temporarily lost 3.67 percent to 9.12 euros.
NEW YORK (dpa-AFX Broker)
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