BofA Upgrades Deutsche Börse on Strong Growth Position; Price Target, EPS Estimates Raised
BofA Global Research on Friday upgraded Deutsche Börse (DB1.F) to buy from neutral and raised its price targets and EPS estimates, saying the German stock exchange operator is "best positioned" among European peers for higher volumes and net interest income.As such, the price objective was raised to 300 euros from 250 euros. The EPS estimates were also raised to 12.09 euros from 11.33 euros for 2026, 13.42 euros from 12.42 euros for 2027 and 14.75 euros from 13.82 euros for 2028.The company is expected to post strong revenue growth in its power exchange business in 2026 as geopolitical tensions in the Middle East drive a surge in commodities volumes, BofA said in a note.The research firm also sees upside potential in Deutsche Börse's net interest income amid expectations of higher central bank rates, while the company's planned acquisition of Amsterdam-listed fund trading platform Allfunds Group (ALLFG.AS, 0AAL.L) could provide a further boost to EPS.