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Citigroup downgraded Schaeffler AG's stock rating from "strong-buy" to "hold," impacting the auto parts maker's valuation.
Citigroup downgraded Schaeffler AG's stock rating from "strong-buy" to "hold."
The company's stock opened at $4.80 on the downgrade day, with a year-high of $7.39 and a year-low of $4.33.
Schaeffler, which makes components and systems for industrial applications, has financial ratios including a debt-to-equity of 1.46, a current ratio of 1.61, and a quick ratio of 0.93.
Its products include electric motors and hybrid modules for vehicles.
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Citigroup redujo la calificación de acciones de Schaeffler AG de "compra fuerte" a "retención", impactando la valoración del fabricante de piezas de automóviles.