Shares in Loewe (LOEG.DE) drop 1.1 percent in Frankfurt's smallcap index .SDAXI after LBBW downgrades the specialty electronics company to "hold" from "buy" on valuation grounds.
"(The) strong share price increase is justified but the target price is now reached," LBBW writes, adding that it does not expect a "significant share price trigger in the short run".
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