U.S. futures subdued as government shutdown stretches into second week
Investing.com - Barclays has reiterated its Overweight rating and €280.00 price target on Deutsche Boerse AG (DB1:GR) (OTC:DBOEY), according to a research note released Monday.
The firm maintained its positive outlook despite making model adjustments that included a revised outlook on Treasury results and slightly weaker performance expectations in trading and clearing segments.
Barclays noted that Deutsche Boerse currently trades at 22.5 times estimated FY25 earnings and 21.4 times FY26 estimates, suggesting further upside potential driven by continued secular growth across the business.
The research note referenced recent conversations with Deutsche Boerse CEO Stephan Leithner at the Barclays Global Financial Services Conference on September 11, though specific details from those discussions were not elaborated in the report.
Barclays expressed confidence that Deutsche Boerse remains on track to deliver its guidance targets for FY25 revenue and EBITDA, supporting the maintained Overweight rating as the stock currently trades below the firm’s price target.
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