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Euronext: Deutsche Bank upgrades stock, raises TP
(CercleFinance.com) - Deutsche Bank has upgraded Euronext shares from 'hold' to 'buy', with a target price raised from E83 to E104, judging that its underperformance relative to peers and the market now creates a compelling opportunity.
Sales growth is accelerating, and the group should highlight its improved business mix and structural growth profile at its November investor day, the broker says, which raises its forecasts.
An acceleration in growth this year and more ambitious medium-term targets should also lead to an increase in value, it continues, while pointing to a larger-than-usual discount to its global peers.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Sales growth is accelerating, and the group should highlight its improved business mix and structural growth profile at its November investor day, the broker says, which raises its forecasts.
An acceleration in growth this year and more ambitious medium-term targets should also lead to an increase in value, it continues, while pointing to a larger-than-usual discount to its global peers.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.