Forvia: uncertainty causes cuts Deutsche and Berenberg

Forvia’s sales figures in the first quarter, published on 17 April, were encouraging, but the value has suffered a cut in its target price by Deutsche Bank and Berenberg. Forvia, formerly Faurecia, is a French automotive engineering and production group. Romain Gourvil, from Berenberg, has cut its target price to twelve months to 9.00 from 15.00 euros with the recommendation of Buy, and Christoph Laskawi, from Deutsche Bank, has done so to 10.00…