Hamburg (pta024/06.10.2021/16:31) - AlsterResearch has published an update on CTS Eventim AG: Analysing the attendance of the Bundesliga, AlsterResearch deduces that expectations of a steep and broad-based recovery for live events may be overblown and a return to pre-crisis levels might take longer than expected. CTS is doing its homework and focuses on strict cost management, efficiency gains and liquidity protection to emerge stronger from the crisis. Considering the ambitious valuation and potential for short-term disappointment from end-markets, AlsterResearch downgrades to SELL with unchanged PT of EUR 55.00. For full details, please visit the ResearchHub.
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