Deutsche Boerse: shares fall after downgrade
(CercleFinance.com) - Deutsche Boerse shares fell on Thursday after Berenberg downgraded the German stock exchange operator from "hold" to "sell" in a note on diversified financials.
Referring to the Japanese experience, Berenberg thinks that persistently low interest rates will not have any positive impact on the use of interest-rate derivatives, and operators.
The broker has therefore cut its target price for the share from 137 euros to 132 euros.
Following this downgrade, the share is currently down about 1% at just under 138 euros in Frankfurt.
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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.
Referring to the Japanese experience, Berenberg thinks that persistently low interest rates will not have any positive impact on the use of interest-rate derivatives, and operators.
The broker has therefore cut its target price for the share from 137 euros to 132 euros.
Following this downgrade, the share is currently down about 1% at just under 138 euros in Frankfurt.
Copyright (c) 2019 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.