Deutsche Bank cuts flatexDEGIRO to 'hold' as growth normalises
12/10/2026 09:54
BUZZ-Deutsche Bank cuts flatexDEGIRO to 'hold' as growth normalises ** Deutsche Bank cuts online broker flatexDEGIRO FTKn.DE to "hold" from "buy", citing slowing customer growth and governance uncertainty
** Trading activity and customer cash balances are normalising, while competition could push customer acquisition costs higher, DB says
** "Recent changes to the Supervisory and Management Boards have added uncertainty around governance and strategic stability, weighing on investor sentiment" - DB
** DB expects net profit growth to slow to 9% in 2027 from roughly 40% annual growth over the past two years
** Cuts PT to €31 euros from €46 euros
** The stock has dropped about 30% this year
($1 = 0.8934 euros)
(Reporting by Kira Britten)
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