Warburg Research keeps Fielmann on 'Hold' - Target 49 Euros

Warburg Research analysts maintain their 'Hold' rating on Fielmann, setting a price target of €49

Fielmann's shares fell slightly on Friday after Warburg Research analysts reiterated their 'Hold' rating and €49 price target on the stock.

The analysts said that they continue to see Fielmann as a well-run company with a strong market position, but that they are concerned about the impact of rising costs on the company's profitability.

Warburg Research analysts said that they believe Fielmann is well-positioned to navigate the current challenges, but that they are taking a cautious approach until they see more evidence of the company's ability to offset rising costs.

Fielmann's shares have underperformed the market in recent months

Fielmann's shares have underperformed the market in recent months, falling by around 15% since the start of the year. The stock is currently trading at around €45, which is below Warburg Research's price target of €49.

The analysts said that they believe the recent underperformance is due to concerns about the impact of rising costs on Fielmann's profitability.

Fielmann is one of the largest optical retailers in Europe, with over 700 stores in 16 countries. The company sells a wide range of eyeglasses, sunglasses, and contact lenses.