Euronext: Deutsche Bank raises target price
(CercleFinance.com) - Deutsche Bank announced on Friday that it had raised its price target on Euronext from E115 to E122, while renewing its buy recommendation on the stock.
The analyst points out that the stock has recently reached absolute highs thanks to the achievement of its forecasts and the implementation of share buybacks.
The broker expects this positive momentum to continue into 2025, although the stock is still trading at a significant discount to its 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 analyst points out that the stock has recently reached absolute highs thanks to the achievement of its forecasts and the implementation of share buybacks.
The broker expects this positive momentum to continue into 2025, although the stock is still trading at a significant discount to its 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.