Eos Energy stock falls after Fuzzy Panda issues short report
Investing.com - CFRA has lowered its price target on Deutsche Boerse AG (DB1:GR) (OTC:DBOEY) to EUR250.00 from EUR280.00 while maintaining a Hold rating on the stock.
The price target reduction reflects a 2026 P/E of 21.9x, which represents a modest premium to Deutsche Boerse’s five-year historical forward P/E of 20.3x, justified by the company’s structurally improving earnings quality and business mix.
CFRA has adjusted its EPS forecast to EUR10.90 from EUR11.10 for 2025 and to EUR11.40 from EUR11.80 for 2026 to align with the latest consensus numbers.
While Deutsche Boerse’s Q3 2025 results demonstrated resilient execution with revenue and EBITDA modestly ahead of consensus and strong contributions from Fund Services, Securities Services, and SaaS, CFRA sees limited near-term upside for the stock.
The research firm cited several factors for its cautious outlook, including treasury income remaining a structural drag, subdued equity derivatives volumes, and a lack of clear re-rating catalysts, despite management’s disclosure of EUR1.5B-EUR2.0B in excess cash by year-end.
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