By Giulia PetroniShares in Sartorius dropped Monday after the company cut its outlook for the full year on the back of shrinking demand. The cut is due to lingering reductions in customer inventories following the Covid-19 pandemic as well as reduced production capacity, it said. The analyst added that, while Sartorius has reiterated mid-term targets, the market may not be convinced until they see order growth. "Orders in 4Q should be a key figure to back management's confidence in its mid-term targets," Manesiotis said. Write to Giulia Petroni at giulia.petroni@wsj.com(END) Dow Jones NewswiresJune 19, 2023 03:52 ET (07:52 GMT)Copyright (c) 2023 Dow Jones & Company, Inc.

Source: Wall Street Journal June 19, 2023 13:58 UTC