Vienna Stock Exchange: Winners and Losers (2011-12-17)

Businessn.a. ♦ Published: December 17, 2011; 16:19 ♦ (Vindobona)

Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers

Vienna Stock Exchange: Winners and Losers (2011-12-17) / Picture: ©

RCB´s comment on Kapsch: “We preferred to value the share of Kapsch TrafficCom via a DCF method due to a different product focus and geographical sales composition of the peers and derived a fair value of € 68.00 (€ 70.00 previously). We have thereby implemented our modified estimates and an unchanged WACC of 9.8% compared to our previous Company Update. Due to…

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