Analyst Recommendations




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Analyst Recommendations

The following recommendations of the mentioned analysts are based on the respective latest study of the noted investment banks.

Analyst Recommendations

Company Analyst(s) Date of Research Rating Target Price
NordLB Holger Fechner 11.05.18 hold 72.00
Barclays Capital Nick Dempsey 09.05.18 equalweight 67.30
Bankhaus Lampe Christoph Bast 09.05.18 hold 67.00
Berenberg Sarah Simon 09.05.18 sell 55.00
Commerzbank Sonia Rabussier 08.05.18 hold 65.00
Deutsche Bank Nizla Naizer 08.05.18 hold 65.00
Kepler Cheuvreux Craig Abbott 08.05.18 buy 69.00
Morgan Stanley Patrick Wellington 08.05.18 equalweight 66.00
Warburg Jochen Reichert 08.05.18 hold 70.00
HSBC Christopher Johnen 08.05.18 hold 69.00
J.P. Morgan Marcus Diebel 08.05.18 overweight 76.00
Equinet Mark Josefson 08.05.18 reduce 66.50
Bank of America Merrill Lynch Sophie Julienne 08.05.18 buy 81.00
Goldman Sachs Katherine Tait 08.05.18 buy 82.00
DZ Bank Harald Heider 08.05.18 hold 68.00
Independent Research Markus Friebel 09.03.18 hold 73.00
LBBW Bettina Deuscher 08.11.17 buy 60.00

The sole responsibility for the content and the conclusions of the mentioned analyst studies or recommendations respectively rests with the named investment banks. The opinions and forecasts represented by the named analysts as well as the recommendations made by them concerning the shares of Axel Springer SE solely reflect their own opinions and not the ones of Axel Springer SE or its Executive Board.

The listing of analyst recommendations on the websites of Axel Springer SE merely serves as non-binding information. Neither can an acknowledgement or approval of the contents and recommendations of the underlying analyst studies be deduced from the listing of the analyst recommendations by Axel Springer SE nor is the listing to be interpreted as an invitation to buy, hold or sell shares of Axel Springer SE.

Axel Springer SE does not assume any liability for the correctness, completeness or timeliness of the mentioned analyst recommendations. Furthermore, a liability of Axel Springer SE for damages resulting from the adherence or non-adherence to the mentioned analyst recommendations is explicitly excluded. Axel Springer SE explicitly reserves the right to alter or end temporarily or permanently the provision of information concerning the assessments and recommendations of analysts without prior notice.