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DWS: UBS upgrades to Buy

( - UBS has upgraded its Neutral rating on the share of the German asset manager DWS to Buy, while raising its corresponding ta rget price from 30 euros to 37 euros.

According to analysts, the share is undervalued, given very strong expected growth in earnings, driven by volume growth and savings. As such, DWS' earnings are expected to increase by 14% between 2018 and 2022, which none of its competitors will be able to match, UBS says.

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