Vossloh downgraded to "hold"

14.08.08 - UniCredit Markets & Investment Banking

LONDON, August 14 (newratings.com) - Analysts at UniCredit Markets downgrade Vossloh AG (VOS) from "buy" to "hold." The target price is set to ?86.

In a research note published this morning, the analysts mention that the company has reported robust results for the June quarter, driven by the improved performance of both its rail infrastructure and motive power divisions. Vossloh has reaffirmed its guidance for FY08 and FY09. The company?s operations have continued to benefit from restructuring and a stable business environment, the analysts add. There is, however, limited upside to the company?s share price, UniCredit Markets says.