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hGears : Lowering estimates Lowering 2023 estimates to just below guidance, price target to €7
>Lowering estimates to just below 2023 guidance - Although the new CEO has provided what seems to be realistic guidance for 2023, we remain cautious and assume there will be material headwind in E-tools and only very little volume growth in E-Mobility. Yes, there are E-mobility contracts that should contribute in H2 23 but given that the European E-bike market could actually show no growth while high inventories in the channel are likely to impact Tier 1 and Tier 2 su...
Underlying
HGEARS AG
Provider
Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Martijn Den Drijver
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