Rational downgraded to "hold"

24.03.06 - Deutsche Securities

LONDON, March 24 (newratings.com) - Analyst Joerdis Harkanyi of Deutsche Bank Securities downgrades Rational AG (RAA) from "buy" to "hold." The target price has been raised from €105 to €118.

In a research note published yesterday, the analyst mentions that the company’s stock is fairly valued at present. Rational has posted robust FY05 results, which the analyst believes exhibit that the company is benefiting from its attractive product portfolio and market position.