Next week, the earnings of the leisure ticket marketer $EVD (+2,19%) are due.

The closing price on Friday evening was €111.80.

Barclays raised its price target on Thursday to € 130 with an overweight rating.

Jeffries on Friday to € 127, also overweight.

Eventim's share price has performed very well in recent years, always with good opportunities to buy more.

My purchase price is €82 after a small additional purchase on Thursday.

I am clearly betting on good earnings and rising share prices 😇

Tui customers book summer vacation later and winter loss falls + Eon increases operating profit strongly at the start of the year + Barclays starts CTS Eventim with 'Overweight' and target price 130 euros + Deutsche Pfandbriefbank confirms forecast

Tui customers $TUI1 (-0,96%)book summer vacations later and winter losses fall

• The late Easter date is pushing back the business of the travel group Tui this year.
• On the one hand, the Group missed out on sales and profits from Easter vacations in the winter half-year.
• On the other hand, people booked their trips for the summer later than usual, as the travel group announced in Hanover on Wednesday.
• Nevertheless, Tui was able to reduce the typical seasonal loss in the months from October to March.
• For the financial year to the end of September, CEO Sebastian Ebel sees the company on course to achieve its targets thanks to higher travel prices.
• In the winter half-year, Tui achieved a turnover of just under 8.6 billion euros, almost eight percent more than a year earlier.
• The operating loss adjusted for special effects (adjusted EBIT) shrank by 15 percent to 156 million euros, although the second quarter was weaker due to the lack of Easter business.
• The bottom line for the shareholders in the six months was a loss of just under 392 million euros, six percent less than in the previous year.
• For the current financial year, Ebel is still aiming for an increase in turnover of 5 to 10 percent.
• Adjusted operating profit is expected to increase by 7 to 10 percent.

Eon $EOAN (-2,67%)increases operating profit strongly at the start of the year

• Higher investments and colder weather have helped the energy supplier Eon to achieve a jump in earnings in the first quarter.
• Adjusted operating earnings before interest, taxes, depreciation and amortization (EBITDA) rose by 18 percent year-on-year to €3.2 billion at the start of the year, as Eon announced in Essen on Wednesday.
• "We have laid a good foundation for a successful financial year 2025," said CFO Nadia Jakobi according to the press release.
• She confirmed the annual forecast as well as the targets for 2028.
• In the first quarter, Eon invested almost 1.5 billion euros, around 22 percent more in the expansion of the electricity grid, such as the modernization and digitalization of the infrastructure and new grid connections.
• The grid business accounts for the lion's share of the Group's earnings and is dependent on regulatory framework conditions.
• At the same time, however, Eon was also helped by the fact that it was colder this year than in the previous year and the demand for energy was correspondingly higher.
• Adjusted net profit for the first three months amounted to EUR 1.3 billion, which corresponds to an increase of 22 percent.
• Meanwhile, the profit attributable to shareholders fell by 9 percent to 529 million euros, which is attributable to non-operating earnings effects from derivatives, for example.

Barclays starts CTS Eventim $EVD (+2,19%)with 'Overweight' and target price 130 euros

• The British investment bank Barclays has started the valuation of CTS Eventim shares with an "Overweight" rating and a target price of 130 euros.
• According to a recommendation issued on Tuesday, Bernd Klanten expects the solid growth and profitability increases at the ticket retailer and event organizer to continue.
• He expects the share price to double within five years.

Deutsche Pfandbriefbank $PBB (+2,12%)confirms forecast

• Deutsche Pfandbriefbank (pbb) has confirmed its targets after a slightly better quarter than expected by analysts.
• The commercial real estate financier continues to be concerned about the situation in the USA.
• For this reason, the Pfandbriefbank is reviewing all options for its existing business in the United States as well as the timing of the share buyback announced at the beginning of the year.
• In the first three months, the SDax-listed company announced on Wednesday in Garching near Munich that pre-tax profit had fallen by around 18 percent year-on-year to 28 million euros.
• Earnings fell by almost a fifth to 118 million euros.
• However, analysts had expected an even weaker result.
• Bank CEO Kay Wolf therefore also spoke of a solid quarter.
• "We were able to consolidate earnings in our core business and significantly reduce risk costs," he said and also confirmed the forecast for 2025 as well as the medium-term targets up to 2027.

Wednesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• SAP SE € 2.35
• Rheinmetall AG €8.10
• freenet AG € 1.97
• WashTec AG € 2.40
• PNE AG € 0.08
• NORMA Group SE € 0.40
• Uzin Utz SE € 1.90
• Deutsche Real Estate AG € 0.04

• Quarterly figures / company dates USA / Asia
• 05:00 Sony annual results and strategy update
• 08:30 Foxconn quarterly figures
• 17:00 American International Group | American Tower AGM
• 18:00 First Solar | AMD AGM
• 22:00 Cisco Systems quarterly figures | Harley-Davidson AGM

• Quarterly figures / Company dates Europe
• 07:00 Bilfinger | Brenntag | Daimler Truck | Eon | Tui | Deutsche Pfandbriefbank
• 07:00 Knaus Tabbert | ABN Amro | Grand City Properties Quarterly figures
• 07:00 Fraport traffic figures April
• 07:30 Renk | Telefonica SA | Alstom | Indus Holding | Bouygues quarterly figures
• 07:45 Eni annual results and AGM
• 07:55 PVA TePla quarterly figures
• 08:00 Verbund AG | PVA TePla | Imperial Brands | Burberry quarterly figures
• 08:00 Daimler Truck | Tui Analyst Conference
• 08:30 Alstom Analyst Conference
• 09:00 Brenntag PK
• 09:30 Deutsche Pfandbriefbank PK
• 10:00 Porsche Automobil Holding SE Quarterly Figures | BMW | Deutsche Börse
• 10:00 K+S | Traton AGM | Bilfinger PK
• 10:15 ES: ECB Governing Council member Nagel, participation in panel discussion at Nova Economia Forum
• 11:00 1&1 AGM | Eon Analyst Conference
• 13:00 Bilfinger AGM
• 14:00 Brenntag Analysts' Conference | Renk Analysts' Conference
• 15:00 Patrizia Analyst Conference 1Q
• 17:50 Pirelli quarterly figures
• 18:00 Deutsche Euroshop | Euronext Quarterly figures

• Economic data

08:00 DE: Consumer prices (final) April PROGNOSE: +0.4% yoy/+2.1% yoy Preliminary: +0.4% yoy/+2.1% yoy Previous: +0.3% yoy/+2.2% yoy HICP PROGNOSE: +0.5% yoy/+2.2% yoy Preliminary: +0.5% yoy/+2.2% yoy Previous: +0.4% yoy/+2.3% yoy

11:15 MA: Fed Governor Waller, speech on Central Bank Research

14:40 EU: ECB board member Cipollone, chairs the panel on liquidity issues

15:10 US: Fed Vice Chairman Jefferson, speech on economic outlook

No time given:

- EE: Governing Council member Muller, presentation of the Eesti Pank Financial Stability Report

- AT: Opec monthly oil market report

Masterflex SE presents Annual Report 2024 + Dermapharm increases revenue and exceeds EBITDA forecast + Demand remains unbroken at CTS EVENTIM + Secunet Security Networks plans further growth

Masterflex SE $MZX (+1,58%)presents annual report 2024

• Record operating result achieved despite challenging economic environment
• Group revenue at EUR 98.1 million (previous year: EUR 101.1 million)
• Record EBITDA of EUR 18.2 million (previous year: EUR 17.9 million) and operating EBIT of EUR 12.7 million (previous year: EUR 12.6 million) achieved
• Operating EBIT margin improved again to 13.0% (previous year: 12.4%)
• Balance sheet quality significantly improved with an equity ratio of 67.7% (previous year: 61.5%)
• Dividend of EUR 0.27 per share planned for 2024 (previous year: EUR 0.25)
• Liabilities to banks reduced by 25%
• Forecast for 2025: sales of EUR 100 million to EUR 105 million and EBIT of between EUR 12 million and EUR 15 million expected

Dermapharm $DMP (-2,13%)increases sales and exceeds EBITDA forecast

• Group sales increase by 4.0 % to EUR 1,180.8 million
• Group EBITDA (unadjusted) increases by 10.2 % to EUR 308.9 million, unadjusted EBITDA margin is 26.2
• EBITDA (adjusted) of EUR 315.6 million corresponds to an adjusted EBITDA margin of 26.7 %, the adjustments of EUR 6.7 million are significantly lower than in 2023
• For the current financial year, Dermapharm expects further adjusted EBITDA growth at Group level to EUR 322 million to EUR 332 million with revenue of EUR 1,160 million to EUR 1,200 million and an improved EBITDA margin
• The Management Board will propose to the Annual General Meeting the payment of a dividend of 90 cents per share for the past financial year

At CTS EVENTIM $EVD (+2,19%)demand is unbroken

• Demand is unbroken, says Eventim CEO Klaus-Peter Schulenberg to the Frankfurter Allgemeine Zeitung (FAZ).
• "Eventim will continue to grow this year and is aiming for double-digit growth."
• With an adjusted EBITDA margin of 6.4 percent in the live sector, the company is a leader among global providers.
• "A year-on-year comparison is always difficult.
• Fluctuations are also related to the fact that event expenses are booked as costs long before the events.
• Income, on the other hand, is only booked after the event has taken place.
• Fluctuations are therefore inevitable.
• As a rule, however, we should achieve a margin of between 6 and 8 percent."
• The cost curve is flattening somewhat, while on the revenue side, efforts are being made to keep the base prices for group tickets stable.

Secunet Security Networks $YSN (-3,59%)wants to grow further

• The IT security company Secunet Security Networks wants to continue to grow in the current year.
• The company, which has been listed on the small-cap index SDax since the beginning of the week, announced on Friday that turnover is set to increase by just under five percent to around 425 million euros.
• The profit margin before interest and taxes should be between 9.5 and 11.5 percent.
• The market environment remains challenging, particularly in the public sector in Germany, due to the formation of a government following the federal elections.
• However, the order backlog at the beginning of the year is already higher than in the previous year.
• In addition, Secunet CEO Axel Deininger expects demand for security solutions to remain strong, "which should be particularly visible in the second half of the year."
• Secunet confirmed preliminary figures for the past year.
• Turnover rose from 393.7 million euros in the previous year to 406.4 million euros.
• At 42.5 million, earnings before interest and taxes (EBIT) were just below the previous year's level.
• The operating margin amounted to 10.5 percent.
• Below the line, Secunet earned 27.9 million euros after 29.0 million euros in 2023.
• Secunet had already announced a change of CEO in the coming year last Wednesday.
• Deininger's contract will not be extended beyond the regular expiry date of December 31, 2025.
• Marc-Julian Siewert is to be appointed to the Management Board from July and will then also be Deininger's designated successor.
• Secunet claims to be Germany's leading cybersecurity company and specializes in cloud security, among other things.
• Secunet's customers include federal ministries and more than twenty DAX-listed companies.

Friday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Sartorius Vz. 0.74 EUR
• Sartorius St. EUR 0.74
• Swisscom 22.00 CHF
• British American Tobacco USD 0.75

• Quarterly figures / Company dates Europe
• 06:45 Basler annual result
• 07:30 Dermapharm | Dürr | GFT Technologies | Sixt Annual results
• 07:55 Energiekontor annual results
• 08:00 Secunet Security | Wüstenrot & Württembergische Annual results/
• 09:00 Wüstenrot & Württembergische Analyst Conference
• 11:00 Basler Investor Conference | HSBC Holdings Extraordinary General Meeting
• 13:00 Holcim Capital Markets Day
• 18:00 Deutsche Euroshop Annual Results

• Economic data

08:00 DE: GfK consumer climate indicator FORECAST: -22.5 points previously: -24.7 points | Employment February

08:00 UK: GDP (2nd release) 4Q PROGNOSE: +0.1% yoy/+1.4% yoy | Trade Balance January PROGNOSE: n.a. previous: -17.4 bn GBP

08:45 FR: Private consumption February FORECAST: n/a previous: -0.5% yoy/+0.4% yoy | Consumer prices (preliminary) March FORECAST: +0.4% yoy/+1.0% yoy previous: 0.0% yoy/+0.8% yoy

09:00 ES: HICP and consumer prices (preliminary) March HICP PROGNOSIS: n/a previous: +2.9% yoy

09:55 DE: Labor market data March seasonally adjusted unemployment rate FORECAST: +10,000 yoy previously: +5,000 yoy Unemployment rate seasonally adjusted FORECAST: 6.2% previously: 6.2%

10:00 EU: ECB, February consumer survey results

11:00 EU: Economic Sentiment Index March Eurozone Economic Sentiment Forecast: 97.0 Previous: 96.3 Industrial Confidence Eurozone Forecast: -10.6 Previous: -11.4 Consumer Confidence Eurozone Advance Estimate: -14.5 Previous: -13.6| Business Climate Index Eurozone March

13:30 US: Personal Spending and Income February Spending / Income FORECAST: +0.5% yoy/+0.4% yoy previous: -0.2% yoy/+0.9% yoy PCE Price Index / Total Rate FORECAST: +0.3% yoy/+2.5% yoy previous: +0.3% yoy/+2.5% yoy PCE price index / core rate PROGNOSE: +0.3% yoy/+2.7% yoy PREV: +0.3% yoy/+2.6% yoy

14:00 DE: ECB Governing Council member Nagel, participation in panel discussion on "Inflation expectations and reality: implications for the last mile of disinflation"

15:00 US: Consumer Sentiment Index Uni Michigan (2nd survey) March PROGNOSIS: 57.9 1st survey: 57.9 previous: 64.7

The ticket seller and concert organizer CTS Eventim
$EVD (+2,19%)
is increasing its dividend sharply and expects only moderate revenue and profit growth for the current year. Net profit after minority interests rose by 16 percent to 318.9 million euros in 2024, as the company announced in Munich on Thursday. The dividend is to be increased by the same percentage to 1.66 (1.43) euros.

In 2025, the highly profitable ticket business in particular is expected to boost sales: "Assuming stable overall economic development", moderate growth in sales and adjusted operating profit is expected in the Group. The number of individual tickets sold - 147.2 million in 2024 - is expected to increase significantly. In live entertainment, i.e. concerts, festivals and musicals, revenue and profits are expected to stagnate after last year's boom. CTS Eventim had already announced preliminary figures for 2024 in January: Revenue rose by 19 percent to 2.81 billion euros and adjusted EBITDA by 22 percent to 542.2 million.

Source: Handelsblatt

Berenberg downgrades BASF to 'Hold' + Norma needs new CEO + Valneva expects sales between EUR 180-190m for 2025 + CTS EVENTIM with record earnings in 2024

Berenberg downgrades BASF $BAS (-2,28%)to 'Hold' because 'peace is almost priced in'

• The private bank Berenberg has raised its price target for BASF from EUR 50 to EUR 52, but downgraded the shares from "Buy" to "Hold".
• Peace in Ukraine would be favorable for falling gas prices, but is already largely priced in after the rally of recent weeks, wrote analyst Sebastian Bray in his reassessment on Monday evening.
• There would also not necessarily be a rapid return to the price level before Russia's attack.
• In addition, the silence of the weapons would not change the sluggish growth in China, where the Ludwigshafen-based company is particularly active

Norma $NOEJ (-3,16%)needs a new boss - Grandi resigns over strategy differences

• The automotive supplier and fastening technology specialist Norma Group has to look for a new boss.
• CEO Guido Grandi has resigned from his position on the Management Board at the end of February 17, 2024 due to strategic differences regarding the future direction of the company, the company announced late Monday evening.
• The current Chairman of the Supervisory Board, Mark Wilhelms, will lead Norma for the transitional period of a maximum of one year.
• His position will be temporarily filled by Kerstin Müller-Kirchhofs.

Valneva $VLA (+2,82%)expects sales of between EUR 180-190 million for 2025

• Reports preliminary unaudited revenues and cash for 2024 and provides outlook for 2025
• Has achieved growth targets for 2024 with revenues (+13% vs. 2023) and total revenues (+10% vs. 2023)
• Outlook for 2025: revenue to increase to EUR 170-180 million
• Reports cash and cash equivalents of EUR 168.3 million at the end of the year
• Total revenue amounted to EUR 169.6 million for the year ending December 31, 2024
• Cash and cash equivalents of EUR 168.3 million as at December 31, 2024
• Outlook 2025: Total revenue expected to be between EUR 180 million and EUR 190 million, investments in research and development between EUR 90 million and EUR 100 million
• Expected research and development investments between 90-100 million in 2025

CTS EVENTIM $EVD (+2,19%): Record result 2024

• Based on the preliminary figures for the 2024 financial year, CTS EVENTIM AG & Co. KGaA continues to record dynamic growth in all business segments.
• The very strong fourth quarter of 2024 ensured that the Group achieved new record figures for revenue and earnings.
• Group sales increased by 19.1% to EUR 2.809 billion in the 2024 financial year compared to the previous year (EUR 2.359 billion).
• This strong growth was driven by both the Ticketing and Live Entertainment segments.
• Adjusted Group EBITDA for 2024 amounted to EUR 542.2 million, compared to EUR 444.8 million in the same period of the previous year.
• A significant increase of 21.9%.

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks
• Archer Daniels Midland Company USD 0.51
• EQT USD 0.16
• United Parcel Service Registered (B) USD 1.64

• Quarterly figures / company dates USA / Asia
• 00:30 BHP Group half-year figures

• Quarterly figures / Company dates Europe
• 07:00 Capgemini | Elmos Semiconductor Quarterly figures
• 08:00 Jost Werke preliminary annual results
• 10:00 Siemens Healthineers AGM

• economic data

08:00 UK: Labor market data January unemployment rate 3 months (ILO) FORECAST: 4.5% previous: 4.4%

11:00 DE: ZEW Economic Sentiment Index February FORECAST: 20.0 points previously: 10.3 points Economic situation FORECAST: -89.2 points previously: -90.4 points

14:30 US: Empire State Manufacturing Index February FORECAST: -1.0 previous: -12.6

15:00 EU: ECB Director Cipollone, speech at MNI conference on "The ECB's Balance Sheet Policies and Implications" in the Current Economic Context

19:00 US: Fed Vice-Chairman Barr, interview on "Artificial Intelligence in the Economy and Financial Stability"

Bitcoin briefly below $90,000 again + UBS launches CTS Eventim with 'Buy' and target of 100 euros + PORSCHE with declines in China business

The Bitcoin $BTC (+1,23%)continues recovery

• Bitcoin has continued its recovery from the previous evening, clearly rebounding from Monday afternoon's low.
• On the Bitstamp trading platform, the oldest and best-known cryptocurrency was trading at around 95,000 dollars on Tuesday morning.
• On Monday afternoon, the price had temporarily fallen to almost 89,000 dollars, but was already able to recover in the course of the evening.

CTS Eventim $EVD (+2,19%)with a target price of €100 (currently €86)

• The major Swiss bank UBS has issued a "buy" rating for CTS Eventim shares with a target price of €100.
• "The show can go on," said analyst Olivier Calvet on Monday evening in his buy recommendation for the event organizer and ticket retailer.
• Three years of strong recovery from the coronavirus pandemic made for ambitious comparative figures.
• However, the UBS Live Event Ticket Transaction Monitor continues to signal enormous demand for music events, especially in Germany.
• And prices are continuing to rise.

PORSCHE $P911 (-2,69%)with declines in business in China

• Parallel launches of several models and problems with suppliers are presenting the luxury sports car manufacturer Porsche with a massive cost problem.
• As Handelsblatt has learned from Group circles, Porsche had to save more than 1.5 billion euros in 2024 alone, originally estimated internally at 600 million euros.
• This enabled Porsche to absorb some of the additional costs, which according to insiders amounted to at least 4 billion euros compared to the previous year.
• Share price continues to rise

Tuesday: Stock market dates, economic data, quarterly figures

• ex-dividend of individual stocks

Kering EUR 2.00

• Quarterly figures / company dates Europe

07:30 Südzucker quarterly figures | OMV trading update 4Q | Lindt & Sprüngli annual sales

11:00 VW sales figures 2024 and 4Q

18:00 Repsol annual results and trading statement 4Q

• Economic data

14:30 US: Producer prices December FORECAST: +0.3% yoy previous: +0.4% yoy Core rate (excluding food and energy) FORECAST: +0.3% yoy previous: +0.2% yoy

16:00 US: Fed President Schmid, speech at Central Exchange

21:05 US: New York Fed President Williams, speech at "An Economy That Works for All" event

Analyst updates, 05.12.

⬆️⬆️⬆️

• HSBC upgrades SIEMENS to Hold. Target price EUR 185. $SIE (-0,96%)
• DEUTSCHE BANK RESEARCH raises the price target for MUNICH RE from EUR 450 to EUR 535. Hold. $MUV2 (-0,44%)
• DEUTSCHE BANK RESEARCH raises the price target for HANNOVER RÜCK from EUR 255 to EUR 294. Buy. $HNR1 (+0,22%)
• DEUTSCHE BANK RESEARCH raises the price target for TALANX from EUR 70 to EUR 76. Hold. $TLX (-0,18%)
• JEFFERIES raises the price target for ORACLE from 190 USD to 220 USD. Buy. $ORCL (+0,51%)
• HAUCK AUFHÄUSER IB raises the target price for MTU from EUR 264 to EUR 280. Sell. $MTX (-0,25%)
• BARCLAYS upgrades AUTO1 from Equal-Weight to Overweight and raises target price from EUR 9 to EUR 19. $AG1 (+1,89%)
• JPMORGAN raises the price target for HELLOFRESH from EUR 14 to EUR 16. Overweight. $HFG (-1,81%)
• JPMORGAN raises the target price for DELIVERY HERO from EUR 42 to EUR 55. Overweight. $DHER (-2,6%)
• JPMORGAN raises the price target for CTS EVENTIM from EUR 104 to EUR 112. Overweight. $EVD (+2,19%)
• JPMORGAN raises the target price for SCOUT24 from EUR 92 to EUR 105. Overweight. $G24 (-0,81%)
• JPMORGAN raises the target price for JUST EAT TAKEAWAY from GBP 16.02 to GBP 18.32. Overweight. $TKWY (+0,13%)
• JPMORGAN upgrades DELIVEROO from Neutral to Overweight and raises target price from GBP 1.70 to GBP 1.92. $ROO (-1,43%)
• JPMORGAN raises the price target for HEIDELBERG MATERIALS from EUR 150 to EUR 151. Overweight. $HEI (-2,18%)
• JPMORGAN raises the price target for FRAPORT from EUR 49 to EUR 59. Neutral. $FRA (+0,26%)

⬇️⬇️⬇️

• METZLER lowers the price target for HYPOPORT from EUR 220 to EUR 185. Sell. $HYQ (+0,55%)
• ODDO BHF lowers the target price for SCHOTT PHARMA from EUR 38 to EUR 37. Outperform. $1SXP (-0,48%)
• BARCLAYS lowers the target price for RIO TINTO from GBP 61 to GBP 60. Overweight. $RIO (-0,45%)
• JPMORGAN downgrades STRÖER from Overweight to Neutral and lowers target price from EUR 79 to EUR 57. $SAX (+1,18%)

Analyst updates, 28.11.

⬆️⬆️⬆️

- HAUCK AUFHÄUSER IB raises the price target for ECKERT & ZIEGLER from EUR 55 to EUR 56.50. Buy. $EUZ (+1,03%)

- EXANE BNP raises the target price for FREENET from EUR 30 to EUR 34. Outperform. $FNTN (-0,32%)

- HAUCK AUFHÄUSER IB raises the price target for NORTHERN DATA from EUR 45 to EUR 52. Buy. $NB2 (+2,23%)

- WARBURG RESEARCH raises the price target for PATRIZIA from EUR 9.80 to EUR 9.90. Buy. $PAT (+1,57%)

- DEUTSCHE BANK RESEARCH raises the price target for EASYJET from GBP 6.70 to GBP 7.15. Buy. $EZJ (-0,78%)

- EXANE BNP upgrades TRATON to Outperform. Target price EUR 35. $8TRA (-1,77%)

- JPMORGAN raises the price target for CTS EVENTIM from EUR 101 to EUR 104. Overweight. $EVD (+2,19%)

⬇️⬇️⬇️

- BRYAN GARNIER lowers the price target for LVMH from EUR 800 to EUR 770. Buy. $MC (+0,4%)

- KEPLER CHEUVREUX lowers the price target for PORSCHE SE from EUR 48 to EUR 47. Buy. $PAH3 (-0,24%)

- DEUTSCHE BANK RESEARCH lowers the price target for SYMRISE from EUR 130 to EUR 125. Buy. $SY1 (+0,97%)

- WARBURG RESEARCH lowers the price target for ABO ENERGY from EUR 114 to EUR 110. Buy. $AB9 (-2,88%)

- EXANE BNP lowers the target price for 1&1 from EUR 15 to EUR 12. Neutral. $1U1 (+19,58%)

- EXANE BNP lowers the price target for UNITED INTERNET from EUR 20 to EUR 17. Neutral. $UTDI (+3,87%)

- STIFEL downgrades COMPUGROUP from Buy to Hold and lowers target price from EUR 64 to EUR 18. $COP (-0,23%)

- BARCLAYS lowers the price target for SCHOTT PHARMA from EUR 33 to EUR 27. Equal-Weight. $1SXP (-0,48%)

- UBS lowers the price target for VESTAS from DKK 245 to DKK 175. Buy. $VWS (-2,95%)

Analyst updates, 25.11.

⬆️⬆️⬆️

- MORGAN STANLEY upgrades ROBINHOOD to Overweight. Target price USD 55. $HOOD (+1,03%)

- BARCLAYS raises the price target for DEUTSCHE TELEKOM from EUR 37 to EUR 39.50. Overweight. $DTE (+1,12%)

- BERENBERG raises the target price for SIEMENS ENERGY from EUR 35 to EUR 70. Buy. $ENR (-0,15%)

- UBS raises the target price for RHEINMETALL from EUR 570 to EUR 630. Neutral. $RHM (+2,55%)

- BARCLAYS raises the price target for 1&1 from EUR 17 to EUR 20. Equal-Weight. $1U1 (+19,58%)

- DEUTSCHE BANK RESEARCH upgrades VESTAS from Hold to Buy. $VWS (-2,95%)

- DEUTSCHE BANK RESEARCH raises the price target for VONOVIA from EUR 33 to EUR 38. Buy. $VNA (+1,44%)

- DEUTSCHE BANK RESEARCH raises the price target for TAG IMMOBILIEN from EUR 16 to EUR 18. Buy. $TEG (+1,24%)

- DEUTSCHE BANK RESEARCH upgrades AROUNDTOWN from Sell to Hold. Target price EUR 2.80. $AT1 (+2,51%)

- DEUTSCHE BANK RESEARCH raises the price target for LEG IMMOBILIEN from EUR 90 to EUR 105. Buy. $LEG (+2,86%)

- DEUTSCHE BANK RESEARCH upgrades DEUTSCHE WOHNEN from Hold to Buy and raises target price from EUR 19 to EUR 28. $DWNI (+2,76%)

- STIFEL raises the price target for NOVARTIS from CHF 106 to CHF 109. Hold. $NUVN

- DEUTSCHE BANK RESEARCH upgrades JD SPORTS FASHION from Sell to Hold. $JD. (+0,91%)

- DEUTSCHE BANK RESEARCH raises the price target for ALSTOM from EUR 22 to EUR 25. Buy. $ALO (-1,64%)

- MORGAN STANLEY raises the price target for DEUTSCHE BÖRSE from EUR 213 to EUR 232. Equal-Weight. $DB1 (+1,52%)

- KEPLER CHEUVREUX raises the target price for ECKERT & ZIEGLER from 57.30 EUR to 60.30 EUR. Buy. $EUZ (+1,03%)

- BARCLAYS raises the target price for UNITED INTERNET from EUR 23 to EUR 26. Equal-Weight. $UTDI (+3,87%)

- JEFFERIES raises the price target for HEIDELBERG MATERIALS from 142.10 EUR to 145.50 EUR. Buy. $HEI (-2,18%)

⬇️⬇️⬇️

- DEUTSCHE BANK RESEARCH lowers the price target for KION from EUR 55 to EUR 50. Buy. $KGX (-2%)

- DEUTSCHE BANK RESEARCH lowers the price target for CTS EVENTIM from EUR 114 to EUR 106. Buy. $EVD (+2,19%)

- GOLDMAN downgrades ORSTED from Buy to Neutral and lowers target price from DKK 520 to DKK 445. $ORSTED (-0,12%)

- DEUTSCHE BANK RESEARCH lowers the price target for H&M from SEK 200 to SEK 190. Buy. $HM B (+0,49%)

- MORGAN STANLEY lowers the price target for MERCK KGAA from EUR 200 to EUR 190. Overweight. $MRK (+1,8%)

- BARCLAYS lowers the target price for THYSSENKRUPP from EUR 4.40 to EUR 4. Underweight. $TKA (-0,61%)

- MORGAN STANLEY downgrades ING to Equal-Weight. Target price EUR 17.50. $ING (+0,8%)

- JPMORGAN lowers target price for RWE from EUR 48 to EUR 47.50. Overweight. $RWE (-0,46%)

Analyst updates, 22.11.

⬆️⬆️⬆️

- WARBURG RESEARCH raises the price target for SYMRISE from EUR 115 to EUR 116. Hold. $SY1 (+0,97%)

- HAUCK AUFHÄUSER IB upgrades SECUNET from Hold to Buy and raises target price from EUR 102 to EUR 123. $YSN (-3,59%)

- CITIGROUP raises the price target for ALSTOM from EUR 22 to EUR 26. Buy. $ALO (-1,64%)

- BERENBERG upgrades BRENNTAG from Hold to Buy. Target price EUR 76. $BNR (-0,02%)

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- WARBURG RESEARCH lowers the price target for PROSIEBENSAT.1 from EUR 8 to EUR 6.50. Hold. $PSM (+0,04%)

- WARBURG RESEARCH lowers the price target for RTL from EUR 40 to EUR 34. Buy. $RTLL (+1,2%)

- LBBW lowers the price target for LANXESS from EUR 29 to EUR 28. Buy. $LXS (-5,88%)

- HAUCK AUFHÄUSER IB lowers the price target for CTS EVENTIM from EUR 107 to EUR 105. Buy. $EVD (+2,19%)

- HAUCK AUFHÄUSER IB lowers the price target for BEFESA from EUR 38 to EUR 35. Buy. $BFSA (-0,71%)

- BERENBERG lowers the target price for RENK from EUR 35 to EUR 33. Buy. $DE000RENK730 (+7,66%)

- UBS lowers target price for RWE from EUR 49 to EUR 45. Buy. $RWE (-0,46%)