Deutsche Borse: Bereenberg upgrades to 'Hold'
(CercleFinance.com) - Berenberg has upgraded its rating on Deutsche Börse to "hold," against "sell" previously, having raised its corresponding target price to 155 euros (vs.
149 euros).
The broker, the German stockmarket operator is relatively immune from the current financial storm.
The broker believes that the impact of the coronavirus should be more than offset by the increase in trading volumes on equity derivatives observed in recent weeks.
In these conditions, Berenberg says that it can no longer see any downside potential in the share's price over the next 12 months.
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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.
149 euros).
The broker, the German stockmarket operator is relatively immune from the current financial storm.
The broker believes that the impact of the coronavirus should be more than offset by the increase in trading volumes on equity derivatives observed in recent weeks.
In these conditions, Berenberg says that it can no longer see any downside potential in the share's price over the next 12 months.
Copyright (c) 2020 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.