NEW YORK (dpa-AFX Broker) - Analysts Jefferies upgraded DWS to "buy" from "hold" and raised its price target to 40 euros from 28 euros. For traditional European asset managers, cost pressures from inflation are likely to limit growth investments and weigh on operating margins, analyst Tom Mills wrote in an industry report Monday. A shift into bonds could boost inflows of new funds but hurt fee margins, he added. With that in mind, Mills favors the shares of asset managers with optimization potential, such as DWS, or with a risk buffer from favorable valuation, such as Man Group. Both stocks would also promise attractive extraordinary capital returns over the next 24 months./gl/ag

Publication of the original study: 13.01.2023 / 15:57 / ET

First circulation of the original study: 15.01.2023 / 07:00 / ET