AlphaValue cuts Deutsche Boerse as growth prospects are priced in

Allfunds

04/09/2026 07:27

** AlphaValue cuts Deutsche Boerse DB1Gn.DE to "reduce" from "add" as shares are now fairly valued after a strong run
** The German exchange operator's short- to medium-term growth prospects now look priced in, AlphaValue says, after the shares jumped about 40% from their February lows
** The broker still views Deutsche Boerse as a compelling quality name and strong earnings compounder, supported by diversified infrastructure, secular growth drivers and strong operating leverage
** It ups its 2026 and 2027 EPS forecast slightly but expects EBITDA CAGR over 2024-2028 to be slightly below management's guidance
** AlphaValue adds the planned Allfunds ALLFG.AS acquisition is not yet included in estimates pending regulatory approval
($1 = 0.8601 euros)

(Reporting by Basile Day)
((Basile.day@thomsonreuters.com))