Vossloh downgraded to "hold"

05.11.08 - UniCredit Markets & Investment Banking

LONDON, November 5 (newratings.com) - Analyst Roland Pitz of UniCredit downgrades Vossloh AG (VOS) from "buy" to "hold." The target price is set to ?68.

In a research note published this morning, the analyst mentions that the company?s share price has risen and reached the target price. Vossloh has reported robust results for 3Q08 and is benefiting from stable market conditions and cost-cutting measures, the analyst says.