Archive: Analysts' ratings

The following analyses and research reports have been issued:

Date Bank Analyst Recommendation Target price (new/previous)
18 January 2024 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
17 January 2024 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
4 December 2023 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €44.00  
1 December 2023 Hauck Aufhäuser Investment Banking Marie-Therese Grübner  Buy €50.00/€48.00 
1 December 2023 Kepler Cheuvreux Sven Sauer Buy €39.00/€38.00  
30 November 2023 Jefferies International Limited Tom Mills Buy €36.00 
30 November 2023 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
30 November 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
23 November 2023 Hauck Aufhäuser Investment Banking  Marie-Therese Grübner Buy €48.00 
22 November 2023 Warburg Research GmbH Andreas Pläsier Buy €49.00 
22 November 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
20 September 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
19 September 2023 SRC Research GmbH  Stefan Scharff/Christopher Mehl Buy €44.00/€42.00  
19 September 2023 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €48.00
18 September 2023 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
23 August 2023 Edison Research Milosz Papst For regulatory reasons, Edison publishes neither a recommendation nor a price target n.a.
14 August 2023 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €48.00/€44.40 €
10 August 2023 Jefferies International Limited  Tom Mills Buy €36.00 
10 August 2023 Warburg Research GmbH Cansu Tatar Buy €49.00
10 August 2023 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
10 August 2023 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €42.00/€41.00  
10 August 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
19 July 2023 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €44.40 €
18 July 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
18 July 2023 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
24 May 2023 Edison Research Milosz Papst For regulatory reasons, Edison publishes neither a recommendation nor a price target n.a.
17 May 2023 Warburg Research GmbH Cansu Tatar Buy €49.00/€47.00
12 May 2023 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €41.00  
12 May 2023 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €44.40 €/€43.00
12 May 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
11 May 2023 Kepler Cheuvreux  Sven Sauer Buy €38.00  
11 May 2023 Jefferies International Limited Tom Mills Buy €36.00 
21 April 2023 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €41.00/€40.00
19 April 2023 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
19 April 2023 Warburg Research GmbH Cansu Tatar Buy €47.00
19 April 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
15 February 2023 Edison Research Milosz Papst For regulatory reasons, Edison publishes neither a recommendation nor a price target n.a.
13 February 2023 Warburg Research GmbH Cansu Tatar Buy €47.00  
10 February 2023 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €43.00
10 February 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90 
9 February 2023 Kepler Cheuvreux Sven Sauer Buy €38.00  
9 February 2023 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €40.00
9 February 2023 J.P. Morgan Cazenove Christopher Brown  Neutral n.a.
9 February 2023 Warburg Research GmbH Cansu Tatar Buy €47.00
8 February 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
18 January 2023 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €43.00
17 January 2023 Kepler Cheuvreux Sven Sauer Buy €38.00
17 January 2023 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
17 January 2023 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90 
4 January 2023 Kepler Cheuvreux Sven Sauer Buy €38.00/€36.00 
19 December 2022 Edison Research Milosz Papst For regulatory reasons, Edison publishes neither a recommendation nor a price target n.a.
6 December 2022 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €43.00/€41.11
5 December 2022 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €40.00
2 December 2022 Warburg Research GmbH Cansu Tatar Buy €47.00/€45.00 
2 December 2022 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90 
2 December 2022 Kepler Cheuvreux Sven Sauer Buy €36.00 
2 November 2022 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €41.11/€44.30
21 October 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
21 October 2022 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €40.00  
21 October 2022 Kepler Cheuvreux Sven Sauer Buy €36.00
20 October 2022 Jefferies International Limited Tom Mills Buy €36.00 
22 August 2022 Edison Research Milosz Papst For regulatory reasons, Edison publishes neither a recommendation nor a price target n.a.
17 August 2022 Hauck Aufhäuser Investment Banking Marie-Therese Grübner Buy €44.30/€48.50
11 August 2022 Warburg Research GmbH  Cansu Tatar Buy €45.00 
11 August 2022 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90 
11 August 2022 Kepler Cheuvreux Sven Sauer Buy €36.00
11 August 2022 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €40.00 
11 August 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
11 August 2022 Jefferies International Limited Tom Mills Buy €36.00  
20 July 2022 Kepler Cheuvreux Sven Sauer Buy €36.00/€40.00
19 July 2022 Warburg Research GmbH  Cansu Tatar Buy €45.00/€50.00 
18 July 2022 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €40.00/€48.00
18 July 2022 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
18 July 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
18 July 2022 Jefferies International Limited Tom Mills Buy €36.00/€47.00 
18 July 2022 Kepler Cheuvreux Sven Sauer Buy €40.00
26 May 2022 Edison Research  Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
19 May 2022 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Grübner Buy €48.50/€55.00
17 May 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
13 May 2022 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
12 May 2022 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €48.00 
12 May 2022 Warburg Research GmbH  Cansu Tatar Buy €50.00 
12 May 2022 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90
12 May 2022 Jefferies International Limited Tom Mills Buy €47.00 
12 May 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
11 May 2022 Kepler Cheuvreux Sven Sauer Buy €40.00/€50.00 
29 April 2022 Baader Helvea Equity Research Gerhard Schwarz Buy €41.90 /€41.20 
26 April 2022 Warburg Research GmbH  Cansu Tatar Buy €50.00/€51.00
21 April 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
21 April 2022 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €48.00/€42.00
21 April 2022 Warburg Research GmbH  Cansu Tatar Buy €51.00
21 March 2022 Baader Helvea Equity Research Tim Dawson/Gerhard Schwarz Buy €41.20
9 March 2022 Warburg Research GmbH  Cansu Tatar Buy €51.00/€53.00
8 March 2022 Jefferies International Limited Tom Mills Buy €47.00 
8 March 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.

8 March 2022

SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €42.00/€50.00
8 March2022 Baader Helvea Equity Research Tim Dawson Buy €41.20/€50.40
22 February 2022 Edison Research  Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
14 February 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
11 February 2022 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Grübner Buy €55.00
11 February 2022 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €50.00
11 February 2022 Warburg Research GmbH  Cansu Tatar Buy €53.00
10 February 2022 Warburg Research GmbH  Cansu Tatar Buy €53.00
31 January 2022 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Grübner Buy €55.00
31 January 2022 Warburg Research GmbH  Cansu Tatar Buy €53.00
28 January 2022 Baader Helvea Equity Research Tim Dawson Buy €50.40
28 January 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
28 January 2022 Warburg Research GmbH  Cansu Tatar Buy €53.00
11 January 2022 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
11 January 2022 Baader Helvea Equity Research Tim Dawson Buy €50.40
13 December 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
13 December 2021 Baader Helvea Equity Research Tim Dawson Buy €50.40
9 December 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
7 December 2021 Warburg Research GmbH  Cansu Tatar Buy €53.00/€51.00
6 December 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Grübner Buy €55.00/€49.00  
3 December 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €50.00
2 December 2021 Kepler Cheuvreux Sven Sauer Buy €50.00
2 December 2021 Jefferies International Limited Tom Mills Buy €47.00 
2 December 2021 Baader Helvea Equity Research Tim Dawson Buy €50.40
2 December 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
2 December 2021 Warburg Research GmbH  Cansu Tatar Buy €51.00
23 November 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Grübner Buy €49.00  
19 November 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
18 November 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €50.00
18 November 2021 Baader Helvea Equity Research Tim Dawson Buy €50.40
27 October 2021 Kepler Cheuvreux Sven Sauer Buy €50.00/€48.50
25 October 2021 Warburg Research GmbH  Cansu Tatar Buy €51.00/€49.00 
25 October 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Grübner Buy €49.00  
25 October 2021 Baader Helvea Equity Research Tim Dawson Buy €50.40/€42.20 
22 October 2021 Jefferies International Limited Tom Mills Buy €47.00 
22 October 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20 
22 October 2021 Warburg Research GmbH  Cansu Tatar Buy €49.00 
22 October 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €50.00/€48.00
22 September 2021 Jefferies International Limited Tom Mills Buy €47.00/€44.00
24 August 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20 
16 August 2021 Edison Research  Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
11 August 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
10 August 2021 Warburg Research GmbH  Cansu Tatar Buy €49.00/ €48.00 
9 August 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €49.00/€46.40
6 August 2021 Kepler Cheuvreux Sven Sauer Buy €48.50
6 August 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €48.00
6 August 2021 Jefferies International Limited Tom Mills Buy €44.00
6 August 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
6 August 2021 Warburg Research GmbH  Cansu Tatar/Eggert Kuls Buy €48.00 
6 August 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20 
5 August 2021 Kepler Cheuvreux Sven Sauer Buy €48.50
26 July 2021 Warburg Research GmbH  Cansu Tatar/Eggert Kuls Buy €48.00/€47.00
23 July 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €48.00/€45.00
22 July 2021 Jefferies International Limited Tom Mills Buy €44.00
22 July 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20
13 July 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €46.40
13 July 2021 Warburg Research GmbH  Eggert Kuls/Cansu Tatar Buy €47.00
12 July 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
12 July 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20
12 July 2021 Warburg Research GmbH  Eggert Kuls/Cansu Tatar Buy €47.00
11 July 2021 Jefferies International Limited Tom Mills Buy €44.00
14 June 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20
14 June 2021 Jefferies International Limited Tom Mills Buy €44.00
17 May 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €46.40/€48.00
13 May 2021 Jefferies International Limited Tom Mills Buy €44.00
12 May 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
12 May 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €45.00
12 May 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20
12 May 2021 Warburg Research GmbH  Eggert Kuls/Cansu Tatar Buy €47.00/€43.00
11 May 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20
4 May 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20
15 April 2021 Baader Helvea Equity Research Tim Dawson Buy €42.20/€43.80
13 April 2021 Baader Helvea Equity Research Tim Dawson Buy €43.80
13 April 2021 Jefferies International Limited Tom Mills Buy (reinstated coverage) n.a.
13 April 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Accumulate €45.00/€46.00
7 April 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €48.00
1 April 2021 Baader Helvea Equity Research Tim Dawson Buy €43.80
30 March 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €48.00/€45.40
29 March 2021 Warburg Research GmbH  Eggert Kuls/Cansu Tatar Buy €43.00
29 March 2021 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
29 March 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €46.00/€42.00
29 March 2021 Jefferies International Limited Tom Mills Buy €47.00/€43.00
29 March 2021 Baader Helvea Equity Research Tim Dawson Buy €43.80
15 March 2021 Baader Helvea Equity Research Tim Dawson Buy €43.80
16 February 2021 Edison Research  Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
15 February 2021 Warburg Research GmbH  Eggert Kuls/Cansu Tatar Buy €43.00/€41.30
12 February 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €45.40
10 February 2021 SRC Research GmbH Stefan Scharff/Christopher Mehl Accumulate €42.00/€40.00
10 February 2021 Jefferies International Limited Tom Mills Buy €43.00
10 February 2021 Baader Helvea Equity Research Tim Dawson Buy €43.80
20 January 2021 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €45.40
18 January 2021 Warburg Research GmbH  Eggert Kuls/Cansu Tatar Buy €41.30
18 January 2021 Baader Helvea Equity Research Tim Dawson Buy €43.80
17 January 2021 Jefferies International Limited Tom Mills Buy €43.00/€40.00
8 December 2020 Baader Helvea Equity Research Tim Dawson Buy €43.80
8 December 2020 Edison Research Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
4 December 2020 Bankhaus Lampe Igor Kim Buy €42.00/€37.00
4 December 2020 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €45.40
2 December 2020 J.P. Morgan Cazenove Christopher Brown Neutral n.a.
2 December 2020 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €45.40/€43.50
1 December 2020 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €40.00/€38.00
1 December 2020 Warburg Research GmbH Eggert Kuls Buy €41.30/€40.60
30 November 2020 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
30 November 2020 Jefferies International Limited Tom Mills Buy €40.00
30 November 2020 Baader Helvea Equity Research Tim Dawson Buy €43.80/€34.20
19 October 2020 Edison Research Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
9 October 2020 Hauck & Aufhäuser Privatbankiers AG Marie-Therese Gruebner Buy €43.50
24 September 2020 Jefferies International Limited Tom Mills Buy €40.00
24 September 2020 Baader Helvea Equity Research Tim Dawson Add €34.20
22 September 2020 Baader Helvea Equity Research Tim Dawson Add €34.20
8 September 2020 Jefferies International Limited Tom Mills Buy €40.00
24 August 2020 Warburg Research GmbH Eggert Kuls Buy €40.60/€40.00
24 August 2020 Jefferies International Limited Tom Mills Buy €40.00
21 August 22020 Bankhaus Lampe Jasko Terzic Buy €37.00
20 August 2020 Edison Research Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
20 August 2020 Baader Helvea Equity Research Tim Dawson Add €34.20
6 August 2020 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €38.00/€33.00
6 August 2020 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
6 August 2020 Bankhaus Lampe Jasko Terzic Buy €37.00
6 August 2020 Baader Helvea Equity Research Tim Dawson Add €34.20
31 July 2020 Jefferies International Limited Tom Mills Buy €40.00
31 July 2020 Bankhaus Lampe Jasko Terzic Buy €37.00
29 July 2020 Warburg Research GmbH Eggert Kuls Buy €40.00/€35.00
28 July 2020 Bankhaus Lampe Igor Kim Buy €37.00
28 July 2020 Warburg Research GmbH Eggert Kuls Hold €35.00
27 July 2020 Baader Helvea Equity Research Tim Dawson Add €34.20
27 July 2020 Bankhaus Lampe Igor Kim Buy €37.00/€25.00 
29 May 2020 Edison Research Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
14 May 2020 Warburg Research GmbH Eggert Kuls Hold €35.00/€41.00
13 May 2020 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €33.00/€43.00
13 May 2020 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
13 May 2020 Baader Helvea Equity Research Tim Dawson Add €34.20/€43.10
13 May 2020 Bankhaus Lampe Igor Kim Sell €25.00/€26.00
6 May 2020 Warburg Research GmbH Eggert Kuls Hold €41.00
6 May 2020 Baader Helvea Equity Research Tim Dawson Add €43.10
4 May 2020 Warburg Research GmbH Eggert Kuls Hold €41.00
30 April 2020 Baader Helvea Equity Research Tim Dawson Add €43.10
25 March 2020 Bankhaus Lampe Igor Kim Hold €26.00/€42.00
3 March 2020 Edison Research Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
13 February 2020 Bankhaus Lampe Igor Kim Hold €42.00
12 February 2020 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
11 February 2020 SRC Research GmbH Stefan Scharff/Christopher Mehl Accumulate €43.00
10 February 2020 Baader Helvea Equity Research Tim Dawson Add €43.10
15 January 2020 Warburg Research GmbH Eggert Kuls Hold €41.00
15 January 2020 Bankhaus Lampe Igor Kim Hold €42.00
14 January 2020 Edison Research Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
18 December 2019 Warburg Research GmbH Eggert Kuls Hold €41.00/€40.10
13 December 2019 Bankhaus Lampe Igor Kim Hold €42.00
12 December 2019 SRC Research GmbH Stefan Scharff/Christopher Mehl Accumulate €43.00/€40.00
10 December 2019 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
10 December 2019 Baader Helvea Equity Research Tim Dawson Buy €43.10/€39.40
3 December 2019 Warburch Research GmbH Eggert Kuls Hold €40.10/€38.40
3 December 2019 Bankhaus Lampe Igor Kim Hold €42.00/€33.50
18 November 2019 Baader Helvea Equity Research Tim Dawson Buy €39.40
1 October 2019 Warburg Research GmbH Eggert Kuls Buy €38.40/€36.70
30 September 2019 SRC Research GmbH  Stefan Scharff/Christopher Mehl Buy €40.00/€38.00
25 September 2019 Baader Helvea Equity Research Tim Dawson Buy €39.40
19 September 2019 Bankhaus Lampe Christoph Schlienkamp Hold €33.50
12 September 2019 Baader Helvea Equity Research Tim Dawson Buy €39.40
10 September 2019 Edison Research Milosz Papst For regulatory reasons neither recommendation, nor upside target n.a.
23 August 2019 Baader Helvea Equity Research Tim Dawson Buy €39.40/€42.00
15 August 2019 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
9 August 2019 Warburg Research GmbH Eggert Kuls Buy €36.70
8 August 2019 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €38.00
15 July 2019 Warburg Research GmbH Eggert Kuls Buy €36.70/€39.60
15 July 2019 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €38.00/€40.00
12 July 2019 Baader Helvea Equity Research Tim Dawson Buy €42.00
11 July 2019 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
11 July 2019 Baader Helvea Equity Research Tim Dawson Buy €42.00
8 July 2019 Baader Helvea Equity Research Tim Dawson Buy €42.00
23 May 2019 Warburg Research GmbH Eggert Kuls Buy €39.60
23 May 2019 Edison Research Gavin Wood For regulatory reasons neither recommendation, nor upside target  n.a.
14 May 2019 Baader Helvea Equity Research Tim Dawson Buy €42.00/€44.20
14 May 2019 SRC Research GmbH Stefan Scharff/Christopher Mehl Buy €40.00
8 April 2019 Baader Helvea Equity Research Tim Dawson Buy €42.00
8 April 2019 Bankhaus Lampe Christoph Schlienkamp Hold €33.50
21 March 2019 Edison Research Gavin Wood

For regulatory reasons neither recommendation, nor upside target 

n.a.
12 February 2019 SRC Research GmbH Stefan Scharff/
Christopher Mehl
Buy €42.00
8 February 2019 Warburg Research GmbH Eggert Kuls Buy €42.00
7 February 2019 Baader Helvea Equity Research Tim Dawson Buy €44.20
7 February 2019 Bankhaus Lampe Christoph Schlienkamp Hold €33.50
7 February 2019 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
7 February 2019 Oddo BHF Martin Decot Neutral €37.00
1 February 2019 Bankhaus Lampe Christoph Schlienkamp Hold €33.50
15 January 2019 SRC Research GmbH Stefan Scharff/
Christopher Mehl
Buy €42.00
15 January 2019 Warburg Research GmbH Eggert Sullivan Buy €42.00
15 January 2019 Kepler Cheuvreux Bérénice Lacroix Reduce €30.00
15 January 2019 J.P. Morgan Cazenove Christopher Brown Underweight n.a.
15 January 2019 Baader Helvea Equity
Research
Tim Dawson Buy €44.20
15 January 2019 Oddo BHF Bank Martin Decot Neutral €37.00/€40.00
14 January 2019 Bankhaus Lampe Christoph Schlienkamp Hold €33.50/€37.50

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