RESEARCH REPORTS

The selection of analyses offered in this section is for informational purposes only. We only publish research reports from well known research houses that are in close personal contact to ISRA. The analyses do not necessarily reflect the opinion of ISRA but represent the evaluation of the specific author to the topic shown. ISRA does not take responsibility for correctness and completeness of the analyses presented. Allocation of the information does not display an invitation and offer to buy or sell shares of the ISRA VISION AG or dues of affiliated companies.

Research House		Analyst		Date		Target price		Recommen- dation		Download
Matelan		Dr. Anne Gronski		May 6th, 2012		38,50 EUR		Buy		PDF
Close Brothers Seydler		Veyzel Taze		May 6th, 2012		35,00 EUR		Buy		PDF
Landesbank Baden-Württemberg		Hans-Peter Kuhlmann		April 17th, 2013		31,00 EUR		Hold		PDF
Hauck & Aufhäuser		Henning Breiter		April 17th, 2013		36,00 EUR		Buy		PDF
Warburg Research		Roland Rapelius		April 17th, 2013		29,00 EUR		Hold		PDF
Matelan		Dr. Anne Gronski		Mar. 1st, 2013		36,40 EUR		Buy		PDF
Landesbank Baden-Württemberg		Hans-Peter Kuhlmann		Jan. 4th, 2012		30,50 EUR		Buy		PDF1
Warburg Research		Roland Rapelius		Oct. 25th, 2012		26,00 EUR		Buy		PDF
Landesbank Baden-Württemberg		Hans-Peter Kuhlmann		Oct. 11th, 2012		28,50 EUR		Buy		PDF1

^{1 Analyses only available in german}