Stability Efforts at Knaus Tabbert AG

First Berlin Equity Research has reiterated a "Buy" recommendation for Knaus Tabbert AG, maintaining a target price of €29. This follows a challenging period for the company, which saw its shares lose 60% in value. The decline was due to a series of profit warnings and internal disruptions, including the dismissal of two high-level executives amid allegations of accepting kickbacks.

In response to these issues, long-term shareholder Wim de Pundert has assumed the role of CEO. De Pundert's leadership is expected to stabilize and reposition the company. Recent agreements with lenders and announced initiatives are part of efforts to rebuild credibility and investor confidence. While challenges remain, there is potential value in the company with a possible 127% increase in share price.