-Commerzbank lifts share price target on Bechtle

Internet Business News
05-12-2011
-Commerzbank lifts share price target on Bechtle

INTERNET BUSINESS NEWS-(C)1995-2011 M2 COMMUNICATIONS

12 May 2011 - Commerzbank (ETR:CBK) has raised its share price target for German IT services provider Bechtle (ETR:BC8) to EUR34 from EUR30 and affirmed the "hold" advice on the stock, Financial Times Deutschland reported.
According to analyst Thomas Becker, the company continues to enjoy dynamic development in order intake which was incorporated in the upgrade of his profit projections for 2011 and 2012.

Becker added that Bechtle's first-quarter figures have indicated strong growth.

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