|Institut||Financial analyst||Recommendation||Target price|
|ALPHAVALUE Research||Valentin Mory||Sell||€ 14.90|
|Drewry Maritime Financial Research||Ankush Kathuria||Neutral||€ 14.00|
|Kepler Cheuvreux||Nikolas Mauder||Hold||€ 16.75|
|Warburg Research||Christian Cohrs||Sell||€ 16.75|
Note: This list may not be complete and may change from time to time. We update the list periodically, but undertake no obligation to do so. Any opinions, estimates or forecasts made by these analysts on HHLA's performance are not opinions, forecasts or predictions of HHLA or its management. By providing the list above, HHLA does not imply its endorsement of or concurrence with such information, conclusions or recommendations. Copies of reports by any of the listed analysts must be obtained directly from the analysts or their firms. HHLA does not distribute such reports.