Nemetschek rises as DB resumes with 'buy'
BUZZ-Nemetschek rises as DB resumes with 'buy' ** Shares in Nemetschek NEKG.DE rise 4.5% after Deutsche Bank resumed coverage of the German software firm with a "buy" rating, citing Q1 results, HCSS acquisition and FX impacts
** "We view HCSS as a compelling strategic fit, broadening Nemetschek’s exposure to North American infrastructure and heavy civil construction while further expanding its TAM," the broker says
** HCSS makes software for heavy civil contractors, including tools for estimating, operations and construction management
** DB adds the acquisition increases Nemetschek's exposure to the more resilient public infrastructure end market, which benefits from structural growth drivers
** Stock is among the best performers on pan-European STOXX 600 index .STOXX
** Up to the previous session's close, shares were down 40.2% YTD
(Reporting by Basile Day)