Deutsche Boerse: RBC downgrades to 'sector perform'
(CercleFinance.com) - RBC Capital Markets has downgraded the Deutsche Boerse stock to "sector perform," saying the share's all-in return is no longer compelling enough to warrant a positive rating.
While acknowledging that Deutsche Boerse is a "good company in a sector that is experiencing sustained momentum," RBC points out that the stock price has risen 27% year-to-date, against an average of 18% for its peers.
The broker has also cut its target price from 105 euros to 102 euros.
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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.
While acknowledging that Deutsche Boerse is a "good company in a sector that is experiencing sustained momentum," RBC points out that the stock price has risen 27% year-to-date, against an average of 18% for its peers.
The broker has also cut its target price from 105 euros to 102 euros.
Copyright (c) 2017 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.