DWS with only small losses in a weak market - RBC supports

Published: 2025-02-03 04:45:15 ET DWS.DE

FRANKFURT (dpa-AFX) - A positive analyst commentary by Canadian bank RBC supported the shares of asset manager DWS on Monday. With a comparatively small drop of 0.59 percent to 47.42 euros, DWS shares were in the top third of the second-line index SDax. The SDax itself fell by 1.6 percent.

RBC analyst Mandeep Jagpal reiterated his "Outperform" rating with a price target raised to 54 euros. In a review of the business figures for 2024, the expert wrote that investors are now more appreciative of the discipline in terms of costs and investments, which the CEO described as "exceptional". He raised his estimates for pre-tax profit in 2025 and 2026. In view of higher growth compared to the competition, he still sees valuation scope for the shares of the Deutsche Bank subsidiary.

The presentation of the figures had given DWS shares a boost. Despite the dampener, the price gains since then still add up to almost 11 percent./mis/jha/

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