Business & Finance
Berenberg Bank axes Rhoen-Klinikum's price target
3 February 2012 - Berenberg Bank on Friday lowered the share price target on German private hospital operator Rhoen-Klinikum AG (ETR:RHK) to EUR20 from EUR20.50 but confirmed its "buy" recommendation ahead of the issuance of fourth-quarter results.

In order to reflect his expectations for lower margins and higher interest costs, analyst Tom Jones has axed his earnings per share (EPS) forecast for the 2012-2016 period by between 6% and 10%.

At 1609 GMT today Rhoen-Klinikum's share lost 2.92% to EUR15.3 in floor trading on the Frankfurt Stock Exchange. The stock fell 2.57% to EUR15.28 at 1626 GMT on Xetra.

(EUR 1.0 = USD 1.308)
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