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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