Deutsche Börse: price target raised at Barclays
(CercleFinance.com) - Barclays reaffirms its 'overweight' recommendation on Deutsche Börse, with a price target raised from €230 to €260, pointing in particular to further organic revenue growth and cost control.
In the wake of the German stock exchange group's annual results, the broker is raising its EPS estimates by around 5%, taking into account the 500 million euro share buyback program and the broader targets announced at the conference.
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