- (PLX AI) - SimCorp fell 2.5% after Danske analysts cut the stock to sell from hold, saying the valuation was too high.
- • Earnings multiples are not demanding vs SaaS peers, but revenue growth is much lower, Danske said
- • Price target raised to DKK 845 from DKK 780
- • SEB also reiterated its sell recommendation on SimCorp, saying the second half of the year was likely to be more difficult than expected
- • Price target DKK 775