Knaus Tabbert AG Retains "Buy" Rating despite Adjusted Price Target

First Berlin Equity Research has released an updated analysis on Knaus Tabbert AG, maintaining a "Buy" recommendation while lowering the target price from €22 to €20. Analyst Ellis Acklin notes that the adjustment follows a review of the company's position amid current economic conditions.

Field studies were conducted with two RV dealers in Berlin suburbs, revealing mainly stabilized dealer inventories and production adjustments. However, slower customer conversion due to weak economic sentiment, increased fuel costs, and geopolitical tensions remain challenges.

Knaus Tabbert's management expects earnings will be more reliant on internal strategies than market demand in the near term. Cost adjustments have positioned the company to better withstand market downturns. The revised target reflects a 111% potential upside, adjusted for the higher interest rate environment.