Deutsche Boerse: UBS raises target price.
(CercleFinance.com) - UBS has reiterated its "buy" recommendation on Deutsche Boerse, while raising its target price from 88.
3 euros to 110 euros, highlighting the stock's attractive valuation and favourable regulatory trends.
The broker says that it expects Deutsche Boerse to reach its EPS estimates for 2018-19, which are 5% above the consensus. It believes that as a result, the stock will benefit from an expansion of its multiples.
UBS also believes that we are now entering into a more volatile financial period than we have seen in recent years, and that this will benefit the group's future business, which it believes is not priced into the share's current price.
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