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(CercleFinance.com) – The Deutsche Boerse share lost more than 2% in Frankfurt as UBS announced earlier that it has lowered its stock recommendation from ‘buy’ to ‘neutral’ with a target price of 170 to 145 euros, leaving only a 6% upside potential for the stock of the German stock exchange operator.
In the summary of his rating, the broker explains that he expects ‘negative revisions to the EPS consensus for 2021 to act as a headwind on the share price over the next six to nine months’.
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