Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - Kepler Cheuvreux downgraded Deutsche Boerse AG (ETR:DB1) from Hold to Reduce and lowered its price target to EUR210.00 from EUR250.00 on Thursday.
The research firm cited expected cyclical headwinds in 2026, including lower volatility, declining U.S. interest rates, and a weaker U.S. dollar that could pressure the German exchange operator’s performance.
Kepler Cheuvreux noted that Deutsche Boerse has halted its dual-track approach for ISS/STOXX, suggesting that underwhelming business performance and adverse market conditions were not favorable for pursuing a potential IPO of ISS/STOXX in Germany.
The firm anticipates an unfavorable risk-return profile for Deutsche Boerse over the next 6-9 months, with negative EPS growth expectations during this period and likely cuts to consensus earnings estimates.
According to Kepler Cheuvreux, the company’s upcoming presentation of new mid-term targets at its Capital Markets Day on December 10 in London is unlikely to trigger a share price rebound, given the weak short-term growth profile.
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