Schaeffler (SHA) PT Set at €10.00 by Morgan Stanley

Schaeffler (FRA:SHA) has been given a €10.00 ($11.63) price objective by investment analysts at Morgan Stanley in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 26.52% from the company’s previous close.

A number of other research firms have also commented on SHA. Bank of America set a €6.70 ($7.79) price objective on Schaeffler and gave the stock a “sell” rating in a research note on Wednesday. DZ Bank restated a “buy” rating on shares of Schaeffler in a research note on Tuesday, March 26th. Nord/LB set a €7.50 ($8.72) target price on Schaeffler and gave the company a “neutral” rating in a research note on Monday, March 25th. Sanford C. Bernstein set a €9.00 ($10.47) price target on Schaeffler and gave the company a “neutral” rating in a report on Wednesday, March 20th. Finally, Deutsche Bank set a €10.00 ($11.63) price target on shares of Schaeffler and gave the stock a “neutral” rating in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of €9.97 ($11.59).

SHA stock opened at €7.90 ($9.19) on Friday. Schaeffler has a fifty-two week low of €11.30 ($13.14) and a fifty-two week high of €16.74 ($19.47).

About Schaeffler

Schaeffler AG manufactures and sells precision components and systems for automotive and industrial industries in Germany and internationally. Its Automotive segment offers components and systems for engines, such as rolling bearing solutions, products for belt and chain drives, valve train components, and systems for variable valve trains; transmissions, including torsion and vibration dampers, clutches and double clutch systems, torque converters, CVT components, bearing solutions, and synchronizing and gearshift components; and chassis components comprising wheel bearings, bearing solutions, steering components, electromechanical actuators for roll stabilizers, and power-assisted steering systems.

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