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Archive: Analysts' ratings

The following analyses and research reports have been issued:

DateBankAnalystRecommendationTarget price (new/previous)
18 July 2024Kepler CheuvreuxSven SauerBuy€39.00 
18 July 2024Baader Helvea Equity Research, Gerhard SchwarzBuy€41.90 
2 July 2024Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
2 July 2024SRC Research GmbHStefan Scharff/Christopher MehlBuy€46.00
1 July 2024Kepler CheuvreuxSven SauerBuy€39.00
28 June 2024J.P. Morgan Cazenove, Christopher BrownNeutraln.a. 
28 May 2024Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
13 May 2024Warburg Research GmbHAndreas PläsierBuy€48.00 
13 May 2024Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€50.00 
13 May 2024J.P. Morgan CazenoveChristopher BrownNeutraln.a.
10 May 2024SRC Research GmbHStefan Scharff/Christopher MehlBuy€46.00/€44.00 
8 May 2024Jefferies International LimitedTom MillsBuy€36.00 
8 May 2024Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
23 April 2024Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€50.00 
14 February 2024Warburg Research GmbHAndreas PläsierBuy€48.00/€49.00
13 February 2024Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€50.00
9 February 2024SRC Research GmbHStefan Scharff/Christopher MehlBuy€44.00 
8 February 2024Kepler CheuvreuxSven SauerBuy€39.00
8 February 2024J.P. Morgan CazenoveChristopher BrownNeutraln.a.
8 February 2024Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
8 February 2024Jefferies International LimitedTom MillsBuy€36.00 
18 January 2024J.P. Morgan CazenoveChristopher BrownNeutraln.a.
17 January 2024Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
14 December 2023Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
4 December 2023SRC Research GmbHStefan Scharff/Christopher MehlBuy€44.00  
1 December 2023Hauck Aufhäuser Investment BankingMarie-Therese Grübner Buy€50.00/€48.00 
1 December 2023Kepler CheuvreuxSven SauerBuy€39.00/€38.00  
30 November 2023Jefferies International LimitedTom MillsBuy€36.00 
30 November 2023J.P. Morgan CazenoveChristopher BrownNeutraln.a.
30 November 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
23 November 2023Hauck Aufhäuser Investment Banking Marie-Therese GrübnerBuy€48.00 
22 November 2023Warburg Research GmbHAndreas PläsierBuy€49.00 
22 November 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
20 September 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
19 September 2023SRC Research GmbH Stefan Scharff/Christopher MehlBuy€44.00/€42.00  
19 September 2023Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€48.00
18 September 2023J.P. Morgan CazenoveChristopher BrownNeutraln.a.
23 August 2023Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
14 August 2023Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€48.00/€44.40 €
10 August 2023Jefferies International Limited Tom MillsBuy€36.00 
10 August 2023Warburg Research GmbHCansu TatarBuy€49.00
10 August 2023J.P. Morgan CazenoveChristopher BrownNeutraln.a.
10 August 2023SRC Research GmbHStefan Scharff/Christopher MehlBuy€42.00/€41.00  
10 August 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
19 July 2023Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€44.40 €
18 July 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
18 July 2023J.P. Morgan CazenoveChristopher BrownNeutraln.a.
24 May 2023Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
17 May 2023Warburg Research GmbHCansu TatarBuy€49.00/€47.00
12 May 2023SRC Research GmbHStefan Scharff/Christopher MehlBuy€41.00  
12 May 2023Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€44.40 €/€43.00
12 May 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
11 May 2023Kepler Cheuvreux Sven SauerBuy€38.00  
11 May 2023Jefferies International LimitedTom MillsBuy€36.00 
21 April 2023SRC Research GmbHStefan Scharff/Christopher MehlBuy€41.00/€40.00
19 April 2023J.P. Morgan CazenoveChristopher BrownNeutraln.a.
19 April 2023Warburg Research GmbHCansu TatarBuy€47.00
19 April 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
15 February 2023Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
13 February 2023Warburg Research GmbHCansu TatarBuy€47.00  
10 February 2023Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€43.00
10 February 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90 
9 February 2023Kepler CheuvreuxSven SauerBuy€38.00  
9 February 2023SRC Research GmbHStefan Scharff/Christopher MehlBuy€40.00
9 February 2023J.P. Morgan CazenoveChristopher Brown Neutraln.a.
9 February 2023Warburg Research GmbHCansu TatarBuy€47.00
8 February 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
18 January 2023Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€43.00
17 January 2023Kepler CheuvreuxSven SauerBuy€38.00
17 January 2023J.P. Morgan CazenoveChristopher BrownNeutraln.a.
17 January 2023Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90 
4 January 2023Kepler CheuvreuxSven SauerBuy€38.00/€36.00 
19 December 2022Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
6 December 2022Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€43.00/€41.11
5 December 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€40.00
2 December 2022Warburg Research GmbHCansu TatarBuy€47.00/€45.00 
2 December 2022Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90 
2 December 2022Kepler CheuvreuxSven SauerBuy€36.00 
2 November 2022Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€41.11/€44.30
21 October 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
21 October 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€40.00  
21 October 2022Kepler CheuvreuxSven SauerBuy€36.00
20 October 2022Jefferies International LimitedTom MillsBuy€36.00 
22 August 2022Edison ResearchMilosz PapstFor regulatory reasons, Edison publishes neither a recommendation nor a price targetn.a.
17 August 2022Hauck Aufhäuser Investment BankingMarie-Therese GrübnerBuy€44.30/€48.50
11 August 2022Warburg Research GmbH Cansu TatarBuy€45.00 
11 August 2022Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90 
11 August 2022Kepler CheuvreuxSven SauerBuy€36.00
11 August 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€40.00 
11 August 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
11 August 2022Jefferies International LimitedTom MillsBuy€36.00  
20 July 2022Kepler CheuvreuxSven SauerBuy€36.00/€40.00
19 July 2022Warburg Research GmbH Cansu TatarBuy€45.00/€50.00 
18 July 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€40.00/€48.00
18 July 2022Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
18 July 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
18 July 2022Jefferies International LimitedTom MillsBuy€36.00/€47.00 
18 July 2022Kepler CheuvreuxSven SauerBuy€40.00
26 May 2022Edison Research Milosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
19 May 2022Hauck & Aufhäuser Privatbankiers AGMarie-Therese GrübnerBuy€48.50/€55.00
17 May 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
13 May 2022Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
12 May 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€48.00 
12 May 2022Warburg Research GmbH Cansu TatarBuy€50.00 
12 May 2022Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90
12 May 2022Jefferies International LimitedTom MillsBuy€47.00 
12 May 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
11 May 2022Kepler CheuvreuxSven SauerBuy€40.00/€50.00 
29 April 2022Baader Helvea Equity ResearchGerhard SchwarzBuy€41.90 /€41.20 
26 April 2022Warburg Research GmbH Cansu TatarBuy€50.00/€51.00
21 April 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
21 April 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€48.00/€42.00
21 April 2022Warburg Research GmbH Cansu TatarBuy€51.00
21 March 2022Baader Helvea Equity ResearchTim Dawson/Gerhard SchwarzBuy€41.20
9 March 2022Warburg Research GmbH Cansu TatarBuy€51.00/€53.00
8 March 2022Jefferies International LimitedTom MillsBuy€47.00 
8 March 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
8 March 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€42.00/€50.00
8 March2022Baader Helvea Equity ResearchTim DawsonBuy€41.20/€50.40
22 February 2022Edison Research Milosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
14 February 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
11 February 2022Hauck & Aufhäuser Privatbankiers AGMarie-Therese GrübnerBuy€55.00
11 February 2022SRC Research GmbHStefan Scharff/Christopher MehlBuy€50.00
11 February 2022Warburg Research GmbH Cansu TatarBuy€53.00
10 February 2022Warburg Research GmbH Cansu TatarBuy€53.00
31 January 2022Hauck & Aufhäuser Privatbankiers AGMarie-Therese GrübnerBuy€55.00
31 January 2022Warburg Research GmbH Cansu TatarBuy€53.00
28 January 2022Baader Helvea Equity ResearchTim DawsonBuy€50.40
28 January 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
28 January 2022Warburg Research GmbH Cansu TatarBuy€53.00
11 January 2022J.P. Morgan CazenoveChristopher BrownNeutraln.a.
11 January 2022Baader Helvea Equity ResearchTim DawsonBuy€50.40
13 December 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
13 December 2021Baader Helvea Equity ResearchTim DawsonBuy€50.40
9 December 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
7 December 2021Warburg Research GmbH Cansu TatarBuy€53.00/€51.00
6 December 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GrübnerBuy€55.00/€49.00  
3 December 2021SRC Research GmbHStefan Scharff/Christopher MehlBuy€50.00
2 December 2021Kepler CheuvreuxSven SauerBuy€50.00
2 December 2021Jefferies International LimitedTom MillsBuy€47.00 
2 December 2021Baader Helvea Equity ResearchTim DawsonBuy€50.40
2 December 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
2 December 2021Warburg Research GmbH Cansu TatarBuy€51.00
23 November 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GrübnerBuy€49.00  
19 November 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
18 November 2021SRC Research GmbHStefan Scharff/Christopher MehlBuy€50.00
18 November 2021Baader Helvea Equity ResearchTim DawsonBuy€50.40
27 October 2021Kepler CheuvreuxSven SauerBuy€50.00/€48.50
25 October 2021Warburg Research GmbH Cansu TatarBuy€51.00/€49.00 
25 October 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GrübnerBuy€49.00  
25 October 2021Baader Helvea Equity ResearchTim DawsonBuy€50.40/€42.20 
22 October 2021Jefferies International LimitedTom MillsBuy€47.00 
22 October 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20 
22 October 2021Warburg Research GmbH Cansu TatarBuy€49.00 
22 October 2021SRC Research GmbHStefan Scharff/Christopher MehlBuy€50.00/€48.00
22 September 2021Jefferies International LimitedTom MillsBuy€47.00/€44.00
24 August 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20 
16 August 2021Edison Research Milosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
11 August 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
10 August 2021Warburg Research GmbH Cansu TatarBuy€49.00/ €48.00 
9 August 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€49.00/€46.40
6 August 2021Kepler CheuvreuxSven SauerBuy€48.50
6 August 2021SRC Research GmbHStefan Scharff/Christopher MehlBuy€48.00
6 August 2021Jefferies International LimitedTom MillsBuy€44.00
6 August 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
6 August 2021Warburg Research GmbH Cansu Tatar/Eggert KulsBuy€48.00 
6 August 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20 
5 August 2021Kepler CheuvreuxSven SauerBuy€48.50
26 July 2021Warburg Research GmbH Cansu Tatar/Eggert KulsBuy€48.00/€47.00
23 July 2021SRC Research GmbHStefan Scharff/Christopher MehlBuy€48.00/€45.00
22 July 2021Jefferies International LimitedTom MillsBuy€44.00
22 July 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20
13 July 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€46.40
13 July 2021Warburg Research GmbH Eggert Kuls/Cansu TatarBuy€47.00
12 July 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
12 July 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20
12 July 2021Warburg Research GmbH Eggert Kuls/Cansu TatarBuy€47.00
11 July 2021Jefferies International LimitedTom MillsBuy€44.00
14 June 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20
14 June 2021Jefferies International LimitedTom MillsBuy€44.00
17 May 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€46.40/€48.00
13 May 2021Jefferies International LimitedTom MillsBuy€44.00
12 May 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
12 May 2021SRC Research GmbHStefan Scharff/Christopher MehlBuy€45.00
12 May 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20
12 May 2021Warburg Research GmbH Eggert Kuls/Cansu TatarBuy€47.00/€43.00
11 May 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20
4 May 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20
15 April 2021Baader Helvea Equity ResearchTim DawsonBuy€42.20/€43.80
13 April 2021Baader Helvea Equity ResearchTim DawsonBuy€43.80
13 April 2021Jefferies International LimitedTom MillsBuy (reinstated coverage)n.a.
13 April 2021SRC Research GmbHStefan Scharff/Christopher MehlAccumulate€45.00/€46.00
7 April 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€48.00
1 April 2021Baader Helvea Equity ResearchTim DawsonBuy€43.80
30 March 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€48.00/€45.40
29 March 2021Warburg Research GmbH Eggert Kuls/Cansu TatarBuy€43.00
29 March 2021J.P. Morgan CazenoveChristopher BrownNeutraln.a.
29 March 2021SRC Research GmbHStefan Scharff/Christopher MehlBuy€46.00/€42.00
29 March 2021Jefferies International LimitedTom MillsBuy€47.00/€43.00
29 March 2021Baader Helvea Equity ResearchTim DawsonBuy€43.80
15 March 2021Baader Helvea Equity ResearchTim DawsonBuy€43.80
16 February 2021Edison Research Milosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
15 February 2021Warburg Research GmbH Eggert Kuls/Cansu TatarBuy€43.00/€41.30
12 February 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€45.40
10 February 2021SRC Research GmbHStefan Scharff/Christopher MehlAccumulate€42.00/€40.00
10 February 2021Jefferies International LimitedTom MillsBuy€43.00
10 February 2021Baader Helvea Equity ResearchTim DawsonBuy€43.80
20 January 2021Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€45.40
18 January 2021Warburg Research GmbH Eggert Kuls/Cansu TatarBuy€41.30
18 January 2021Baader Helvea Equity ResearchTim DawsonBuy€43.80
17 January 2021Jefferies International LimitedTom MillsBuy€43.00/€40.00
8 December 2020Baader Helvea Equity ResearchTim DawsonBuy€43.80
8 December 2020Edison ResearchMilosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
4 December 2020Bankhaus LampeIgor KimBuy€42.00/€37.00
4 December 2020Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€45.40
2 December 2020J.P. Morgan CazenoveChristopher BrownNeutraln.a.
2 December 2020Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€45.40/€43.50
1 December 2020SRC Research GmbHStefan Scharff/Christopher MehlBuy€40.00/€38.00
1 December 2020Warburg Research GmbHEggert KulsBuy€41.30/€40.60
30 November 2020J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
30 November 2020Jefferies International LimitedTom MillsBuy€40.00
30 November 2020Baader Helvea Equity ResearchTim DawsonBuy€43.80/€34.20
19 October 2020Edison ResearchMilosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
9 October 2020Hauck & Aufhäuser Privatbankiers AGMarie-Therese GruebnerBuy€43.50
24 September 2020Jefferies International LimitedTom MillsBuy€40.00
24 September 2020Baader Helvea Equity ResearchTim DawsonAdd€34.20
22 September 2020Baader Helvea Equity ResearchTim DawsonAdd€34.20
8 September 2020Jefferies International LimitedTom MillsBuy€40.00
24 August 2020Warburg Research GmbHEggert KulsBuy€40.60/€40.00
24 August 2020Jefferies International LimitedTom MillsBuy€40.00
21 August 22020Bankhaus LampeJasko TerzicBuy€37.00
20 August 2020Edison ResearchMilosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
20 August 2020Baader Helvea Equity ResearchTim DawsonAdd€34.20
6 August 2020SRC Research GmbHStefan Scharff/Christopher MehlBuy€38.00/€33.00
6 August 2020J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
6 August 2020Bankhaus LampeJasko TerzicBuy€37.00
6 August 2020Baader Helvea Equity ResearchTim DawsonAdd€34.20
31 July 2020Jefferies International LimitedTom MillsBuy€40.00
31 July 2020Bankhaus LampeJasko TerzicBuy€37.00
29 July 2020Warburg Research GmbHEggert KulsBuy€40.00/€35.00
28 July 2020Bankhaus LampeIgor KimBuy€37.00
28 July 2020Warburg Research GmbHEggert KulsHold€35.00
27 July 2020Baader Helvea Equity ResearchTim DawsonAdd€34.20
27 July 2020Bankhaus LampeIgor KimBuy€37.00/€25.00 
29 May 2020Edison ResearchMilosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
14 May 2020Warburg Research GmbHEggert KulsHold€35.00/€41.00
13 May 2020SRC Research GmbHStefan Scharff/Christopher MehlBuy€33.00/€43.00
13 May 2020J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
13 May 2020Baader Helvea Equity ResearchTim DawsonAdd€34.20/€43.10
13 May 2020Bankhaus LampeIgor KimSell€25.00/€26.00
6 May 2020Warburg Research GmbHEggert KulsHold€41.00
6 May 2020Baader Helvea Equity ResearchTim DawsonAdd€43.10
4 May 2020Warburg Research GmbHEggert KulsHold€41.00
30 April 2020Baader Helvea Equity ResearchTim DawsonAdd€43.10
25 March 2020Bankhaus LampeIgor KimHold€26.00/€42.00
3 March 2020Edison ResearchMilosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
13 February 2020Bankhaus LampeIgor KimHold€42.00
12 February 2020J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
11 February 2020SRC Research GmbHStefan Scharff/Christopher MehlAccumulate€43.00
10 February 2020Baader Helvea Equity ResearchTim DawsonAdd€43.10
15 January 2020Warburg Research GmbHEggert KulsHold€41.00
15 January 2020Bankhaus LampeIgor KimHold€42.00
14 January 2020Edison ResearchMilosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
18 December 2019Warburg Research GmbHEggert KulsHold€41.00/€40.10
13 December 2019Bankhaus LampeIgor KimHold€42.00
12 December 2019SRC Research GmbHStefan Scharff/Christopher MehlAccumulate€43.00/€40.00
10 December 2019J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
10 December 2019Baader Helvea Equity ResearchTim DawsonBuy€43.10/€39.40
3 December 2019Warburch Research GmbHEggert KulsHold€40.10/€38.40
3 December 2019Bankhaus LampeIgor KimHold€42.00/€33.50
18 November 2019Baader Helvea Equity ResearchTim DawsonBuy€39.40
1 October 2019Warburg Research GmbHEggert KulsBuy€38.40/€36.70
30 September 2019SRC Research GmbH Stefan Scharff/Christopher MehlBuy€40.00/€38.00
25 September 2019Baader Helvea Equity ResearchTim DawsonBuy€39.40
19 September 2019Bankhaus LampeChristoph SchlienkampHold€33.50
12 September 2019Baader Helvea Equity ResearchTim DawsonBuy€39.40
10 September 2019Edison ResearchMilosz PapstFor regulatory reasons neither recommendation, nor upside targetn.a.
23 August 2019Baader Helvea Equity ResearchTim DawsonBuy€39.40/€42.00
15 August 2019J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
9 August 2019Warburg Research GmbHEggert KulsBuy€36.70
8 August 2019SRC Research GmbHStefan Scharff/Christopher MehlBuy€38.00
15 July 2019Warburg Research GmbHEggert KulsBuy€36.70/€39.60
15 July 2019SRC Research GmbHStefan Scharff/Christopher MehlBuy€38.00/€40.00
12 July 2019Baader Helvea Equity ResearchTim DawsonBuy€42.00
11 July 2019J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
11 July 2019Baader Helvea Equity ResearchTim DawsonBuy€42.00
8 July 2019Baader Helvea Equity ResearchTim DawsonBuy€42.00
23 May 2019Warburg Research GmbHEggert KulsBuy€39.60
23 May 2019Edison ResearchGavin WoodFor regulatory reasons neither recommendation, nor upside target n.a.
14 May 2019Baader Helvea Equity ResearchTim DawsonBuy€42.00/€44.20
14 May 2019SRC Research GmbHStefan Scharff/Christopher MehlBuy€40.00
8 April 2019Baader Helvea Equity ResearchTim DawsonBuy€42.00
8 April 2019Bankhaus LampeChristoph SchlienkampHold€33.50
21 March 2019Edison ResearchGavin WoodFor regulatory reasons neither recommendation, nor upside target n.a.
12 February 2019SRC Research GmbHStefan Scharff/
Christopher Mehl		Buy€42.00
8 February 2019Warburg Research GmbHEggert KulsBuy€42.00
7 February 2019Baader Helvea Equity ResearchTim DawsonBuy€44.20
7 February 2019Bankhaus LampeChristoph SchlienkampHold€33.50
7 February 2019J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
7 February 2019Oddo BHFMartin DecotNeutral€37.00
1 February 2019Bankhaus LampeChristoph SchlienkampHold€33.50
15 January 2019SRC Research GmbHStefan Scharff/
Christopher Mehl		Buy€42.00
15 January 2019Warburg Research GmbHEggert SullivanBuy€42.00
15 January 2019Kepler CheuvreuxBérénice LacroixReduce€30.00
15 January 2019J.P. Morgan CazenoveChristopher BrownUnderweightn.a.
15 January 2019Baader Helvea Equity
Research		Tim DawsonBuy€44.20
15 January 2019Oddo BHF BankMartin DecotNeutral€37.00/€40.00
14 January 2019Bankhaus LampeChristoph SchlienkampHold€33.50/€37.50

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