BNP Paribas upgrades Hypoport, sees 'better times ahead'
02/12/2025 08:50
** BNP Paribas upgrades Hypoport HYQGn.DE to "outperform" from "neutral", as it believes there are "better times ahead" for the German mortgage platform ** The brokerage says it expects the company to return to peak profitability in 2026, driven by rising volumes, new client wins, and improved operational performance ** The broker forecasts a 29% compound annual growth rate (CAGR) in earnings before interest and taxes (EBIT) for 2025-27 ** It expects challenges at Hypoport's main Europace platform, linked to its Starpool joint venture with Deutsche Bank DBKGn.DE, to fade in 2026 ** Shares in Hypoport are up 6.3% but remain down around 22% YTD including today's move (Reporting by Maria Rugamer) ((Maria.Rugamer@thomsonreuters.com))