DWS: Credit Suisse upgrades stock

(CercleFinance.com) - In its comments on asset managers in Europe, Credit Suisse has upgraded its rating on the DWS share from "neutral" to "outperform," despite cutting its corresponding target price from 38 euros to 26 euros, in the wake of a 19%-29% cut in EPS estimates over 2020-2022.


The broker says that it sees the German group as being "well placed to manage its costs in a difficult environment, yet suffering one of the worst share price declines since the current crisis began".


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.