NEW YORK (dpa-AFX Broker) - Analysts Jefferies cut its price target for DWS to 39 euros from 40 euros, but kept its rating at "buy." The asset manager's final quarter of 2022 was not perfect, but the stock does not come close to pricing in one either, analyst Tom Mills wrote in a research note presented Monday. After a terrible year for the market and an even worse one for the Deutsche Bank subsidiary, adjusted pretax earnings are likely to bottom out in 2023. A satisfactory resolution to allegations of misleading advertising for sustainable investments and a change in the company's legal form would be big steps forward for the current year./gl/zb

Publication of the original study: 05.02.2023 / 18:53 / ET First disclosure of the original study: 05.02.2023 / 18:53 / ET

-----------------------

dpa-AFX Broker - Trader News from dpa-AFX

-----------------------