Fielmann jumps after Deutsche Bank starts with 'buy'
BUZZ-Fielmann jumps after Deutsche Bank starts with 'buy' ** Shares in Fielmann FIEG.DE rise around 6%, topping Germany's SDAX .SDAXI small-cap index, after Deutsche Bank initiated coverage with a "buy" rating
** The broker cites the German eyewear maker's efficient vertically integrated model, dominant market positions and consistently high customer satisfaction
** "Under second-generation CEO Marc Fielmann, the company has successfully executed its Vision 2025 transformation, delivering sales growth of nearly €1bn versus 2018 and a significant increase in profitability," the broker says
** Sees a credible foundation for an expansion beyond core markets towards a more international, growth-oriented business model
** The shares are on track for their best day since February
** Of 10 brokers covering the stock, 8 rate it "strong buy" or "buy" and 2 "hold" - LSEG data
(Reporting by Emanuele Berro)