Montega AG Recommends 'Buy' for Delticom AG, Sets Price Target at €5.00
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Montega AG has recommended a 'Buy' for Delticom AG, setting a price target of €5.00 for the next 12 months. The report notes Delticom's strong revenue growth and increased sales volume in the first half of the year, despite profit margin challenges due to inventory write-downs. The company’s summer tire business experienced double-digit growth, and it aims to enhance profitability in the latter half of the year, with potential benefits from the US dollar.
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