{"id":225,"date":"2015-02-26T06:22:11","date_gmt":"2015-02-26T06:22:11","guid":{"rendered":"http:\/\/www.allgeier.com\/en\/?page_id=225"},"modified":"2026-04-02T16:20:03","modified_gmt":"2026-04-02T16:20:03","slug":"analyst-reports","status":"publish","type":"page","link":"https:\/\/www.allgeier.com\/en\/investor-relations\/analyst-reports\/","title":{"rendered":"Analyst Reports"},"content":{"rendered":"<div class=\"sectionH540 sectionHeading\">Analyst Reports<\/div>\n<table class=\"tableData1 table\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<th width=\"130\">Date<\/th>\n<th width=\"270\">Publisher<\/th>\n<th width=\"80\">Rating (Target Price in EUR)<\/th>\n<\/tr>\n<tr>\n<td>April 02, 2026<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (24.50)<\/td>\n<\/tr>\n<tr>\n<td>March 26, 2026<\/td>\n<td>Baader Europe<br \/>\n(&#8220;Earnings Wrap-up&#8221;)<\/td>\n<td>Buy (23.60)<\/td>\n<\/tr>\n<tr>\n<td>February 09, 2026<\/td>\n<td>Baader Europe<br \/>\n(&#8220;EPS change&#8221;)<\/td>\n<td>Add (24.20)<\/td>\n<\/tr>\n<tr>\n<td>January 05, 2026<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Hold (22.00)<\/td>\n<\/tr>\n<tr>\n<td>December 19, 2025<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (24.50)<\/td>\n<\/tr>\n<tr>\n<td>December 19, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>December 02, 2025<\/td>\n<td>Baader Europe<br \/>\n(&#8220;Re-Initiation&#8221;)<\/td>\n<td>Add (24.10)<\/td>\n<\/tr>\n<tr>\n<td>December 01, 2025<\/td>\n<td>Baader Europe<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Add (24.10)<\/td>\n<\/tr>\n<tr>\n<td>November 19, 2025<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>November 06, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>October 24, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>Sept. 05, 2025<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>August 18, 2025<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>August 15, 2025<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>August 12, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>August 12, 2025<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First Take&#8221;)<\/td>\n<td>Neutral (20.00)<\/td>\n<\/tr>\n<tr>\n<td>August 04, 2025<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (27.00)<\/td>\n<\/tr>\n<tr>\n<td>June 17, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>May 20, 2025<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>May 08, 2025<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (27.00)<\/td>\n<\/tr>\n<tr>\n<td>May 07, 2025<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (25.00)<\/td>\n<\/tr>\n<tr>\n<td>May 02, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>May 02, 2025<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>April 03, 2025<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (25.00)<\/td>\n<\/tr>\n<tr>\n<td>March 25, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (34.50)<\/td>\n<\/tr>\n<tr>\n<td>March 25, 2025<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>March 25, 2025<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First Take&#8221;)<\/td>\n<td>Neutral (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Jan. 20, 2025<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>Jan. 06, 2025<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (34.50)<\/td>\n<\/tr>\n<tr>\n<td>Nov. 29, 2024<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov. 18, 2024<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (34.50)<\/td>\n<\/tr>\n<tr>\n<td>Nov. 06, 2024<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov. 06, 2024<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First Take&#8221;)<\/td>\n<td>Neutral (15.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov. 05, 2024<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov. 04, 2024<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>Oct. 11, 2024<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (37.50)<\/td>\n<\/tr>\n<tr>\n<td>Oct. 11, 2024<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>Oct. 11, 2024<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First Take&#8221;)<\/td>\n<td>Neutral (18.00)<\/td>\n<\/tr>\n<tr>\n<td>Sept. 10, 2024<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (37.50)<\/td>\n<\/tr>\n<tr>\n<td>Sept. 05, 2024<\/td>\n<td>Stifel<br \/>\n(&#8220;Earnings Update&#8221;)<\/td>\n<td>Buy (26.00)<\/td>\n<\/tr>\n<tr>\n<td>Sept. 02, 2024<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>August 22, 2024<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (24.00)<\/td>\n<\/tr>\n<tr>\n<td>August 22, 2024<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;Equity flash&#8221;)<\/td>\n<td>Neutral (18.00)<\/td>\n<\/tr>\n<tr>\n<td>August 16, 2024<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>August 07, 2024<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (38.00)<\/td>\n<\/tr>\n<tr>\n<td>August 07, 2024<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First Take&#8221;)<\/td>\n<td>Outperform (31.00)<\/td>\n<\/tr>\n<tr>\n<td>August 06, 2024<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (32.00)<\/td>\n<\/tr>\n<tr>\n<td>June 11, 2024<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (41.50)<\/td>\n<\/tr>\n<tr>\n<td>May 27, 2024<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (32.00)<\/td>\n<\/tr>\n<tr>\n<td>May 22, 2024<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (26.00)<\/td>\n<\/tr>\n<tr>\n<td>May 08, 2024<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>May 07, 2024<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (41.50)<\/td>\n<\/tr>\n<tr>\n<td>March 08, 2024<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First take&#8221;)<\/td>\n<td>Outperform (31.00)<\/td>\n<\/tr>\n<tr>\n<td>March 08, 2024<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>March 07, 2024<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (41.50)<\/td>\n<\/tr>\n<tr>\n<td>February 02, 2024<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (26.00)<\/td>\n<\/tr>\n<tr>\n<td>December 15, 2023<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (41.50)<\/td>\n<\/tr>\n<tr>\n<td>December 15, 2023<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First take&#8221;)<\/td>\n<td>Outperform (31.00)<\/td>\n<\/tr>\n<tr>\n<td>December 15, 2023<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>November 20, 2023<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>November 15, 2023<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (27.00)<\/td>\n<\/tr>\n<tr>\n<td>November 14, 2023<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>November 08, 2023<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (41.50)<\/td>\n<\/tr>\n<tr>\n<td>November 08, 2023<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First take&#8221;)<\/td>\n<td>Outperform (31.00)<\/td>\n<\/tr>\n<tr>\n<td>November 08, 2023<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (37.00)<\/td>\n<\/tr>\n<tr>\n<td>August 17, 2023<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (37.00)<\/td>\n<\/tr>\n<tr>\n<td>August 17, 2023<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (33.00)<\/td>\n<\/tr>\n<tr>\n<td>August 07, 2023<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (43.50)<\/td>\n<\/tr>\n<tr>\n<td>August 04, 2023<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (47.00)<\/td>\n<\/tr>\n<tr>\n<td>August 04, 2023<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First take&#8221;)<\/td>\n<td>Outperform (35.30)<\/td>\n<\/tr>\n<tr>\n<td>July 10, 2023<\/td>\n<td>Berenberg<br \/>\n(&#8220;European Mid-Cap TMT treasure trove&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>June 20, 2023<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (47.00)<\/td>\n<\/tr>\n<tr>\n<td>June 13, 2023<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Full Note&#8221;)<\/td>\n<td>Buy (47.00)<\/td>\n<\/tr>\n<tr>\n<td>June 01, 2023<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (47.00)<\/td>\n<\/tr>\n<tr>\n<td>May 17, 2023<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (39.00)<\/td>\n<\/tr>\n<tr>\n<td>May 16, 2023<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (47.00)<\/td>\n<\/tr>\n<tr>\n<td>May 12, 2023<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First take&#8221;)<\/td>\n<td>Outperform (35.30)<\/td>\n<\/tr>\n<tr>\n<td>May 11, 2023<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (44.00)<\/td>\n<\/tr>\n<tr>\n<td>May 09, 2023<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (47.00)<\/td>\n<\/tr>\n<tr>\n<td>March 14, 2023<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;Equity Flash&#8221;)<\/td>\n<td>Outperform (35.30)<\/td>\n<\/tr>\n<tr>\n<td>March 10, 2023<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (39.00)<\/td>\n<\/tr>\n<tr>\n<td>March 09, 2023<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (44.00)<\/td>\n<\/tr>\n<tr>\n<td>March 06, 2023<\/td>\n<td>Stifel<br \/>\n(&#8220;Flash Note&#8221;)<\/td>\n<td>Buy (46.00)<\/td>\n<\/tr>\n<tr>\n<td>December 22, 2022<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (39.00)<\/td>\n<\/tr>\n<tr>\n<td>December 22, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (47.00)<\/td>\n<\/tr>\n<tr>\n<td>December 21, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (44.00)<\/td>\n<\/tr>\n<tr>\n<td>December 21, 2022<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (38.00)<\/td>\n<\/tr>\n<tr>\n<td>November 18, 2022<\/td>\n<td>Stifel<br \/>\n(&#8220;Earnings Update&#8221;)<\/td>\n<td>Buy (46.00)<\/td>\n<\/tr>\n<tr>\n<td>November 16, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (44.00)<\/td>\n<\/tr>\n<tr>\n<td>November 15, 2022<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (42.00)<\/td>\n<\/tr>\n<tr>\n<td>November 14, 2022<\/td>\n<td>Berenberg<br \/>\n(&#8220;Update&#8221;)<\/td>\n<td>Buy (42.00)<\/td>\n<\/tr>\n<tr>\n<td>November 10, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (55.00)<\/td>\n<\/tr>\n<tr>\n<td>November 10, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>November 10, 2022<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;First take&#8221;)<\/td>\n<td>Outperform (40.00)<\/td>\n<\/tr>\n<tr>\n<td>October 18, 2022<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;Equity report \u2013 Initiating coverage&#8221;)<\/td>\n<td>Outperform (40.00)<\/td>\n<\/tr>\n<tr>\n<td>September 14, 2022<\/td>\n<td>Berenberg<br \/>\n(&#8220;Initiation&#8221;)<\/td>\n<td>Buy (42.00)<\/td>\n<\/tr>\n<tr>\n<td>August 19, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (55.00)<\/td>\n<\/tr>\n<tr>\n<td>August 17, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>August 16, 2022<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (46.50)<\/td>\n<\/tr>\n<tr>\n<td>July 28, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (72.00)<\/td>\n<\/tr>\n<tr>\n<td>July 27, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (51.00)<\/td>\n<\/tr>\n<tr>\n<td>June 28, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (72.00)<\/td>\n<\/tr>\n<tr>\n<td>June 10, 2022<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (50.50)<\/td>\n<\/tr>\n<tr>\n<td>May 10, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (51.00)<\/td>\n<\/tr>\n<tr>\n<td>May 02, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (72.00)<\/td>\n<\/tr>\n<tr>\n<td>April 29, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (56.00)<\/td>\n<\/tr>\n<tr>\n<td>March 14, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (75.00)<\/td>\n<\/tr>\n<tr>\n<td>March 10, 2022<\/td>\n<td>Baader Europe Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (56.00)<\/td>\n<\/tr>\n<tr>\n<td>January 20, 2022<\/td>\n<td>Stifel<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (57.00)<\/td>\n<\/tr>\n<tr>\n<td>January 07, 2022<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment \/ Best Ideas 2022&#8221;)<\/td>\n<td>Buy (75.00)<\/td>\n<\/tr>\n<tr>\n<td>December 21, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Add (56.00)<\/td>\n<\/tr>\n<tr>\n<td>December 20, 2021<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (75.00)<\/td>\n<\/tr>\n<tr>\n<td>December 20, 2021<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (50.50)<\/td>\n<\/tr>\n<tr>\n<td>December 20, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (39.00)<\/td>\n<\/tr>\n<tr>\n<td>December 13, 2021<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (70.00)<\/td>\n<\/tr>\n<tr>\n<td>November 29, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Add (39.00)<\/td>\n<\/tr>\n<tr>\n<td>November 22, 2021<\/td>\n<td>Stifel<br \/>\n(&#8220;Earnings Update&#8221;)<\/td>\n<td>Buy (40.00)<\/td>\n<\/tr>\n<tr>\n<td>November 16, 2021<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>November 15, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (30.00)<\/td>\n<\/tr>\n<tr>\n<td>October 28, 2021<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>October 27, 2021<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (31.00)<\/td>\n<\/tr>\n<tr>\n<td>October 25, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (30.00)<\/td>\n<\/tr>\n<tr>\n<td>August 27, 2021<\/td>\n<td>LBBW<br \/>\n(&#8220;Aktie Kompakt&#8221;)<\/td>\n<td>Buy (31.00)<\/td>\n<\/tr>\n<tr>\n<td>August 04, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (30.00)<\/td>\n<\/tr>\n<tr>\n<td>July 30, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (27.00)<\/td>\n<\/tr>\n<tr>\n<td>July 26, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (27.00)<\/td>\n<\/tr>\n<tr>\n<td>June 30, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (27.00)<\/td>\n<\/tr>\n<tr>\n<td>May 17, 2021<\/td>\n<td>Stifel<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Add (30.00)<\/td>\n<\/tr>\n<tr>\n<td>May 10, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Add (27.00)<\/td>\n<\/tr>\n<tr>\n<td>April 28, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (20.00)<\/td>\n<\/tr>\n<tr>\n<td>April 28, 2021<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (19.50)<\/td>\n<\/tr>\n<tr>\n<td>March 23, 2021<\/td>\n<td>Commerzbank Research<br \/>\n(&#8220;Note&#8221;)<\/td>\n<td>Buy (29.00)<\/td>\n<\/tr>\n<tr>\n<td>March 12, 2021<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (20.00)<\/td>\n<\/tr>\n<tr>\n<td>December 17, 2020<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Add (20.00)<\/td>\n<\/tr>\n<tr>\n<td>December 17, 2020<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (19.50)<\/td>\n<\/tr>\n<tr>\n<td>December 02, 2020<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (65.00)<\/td>\n<\/tr>\n<tr>\n<td>December 02, 2020<\/td>\n<td>Warburg Research<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (85.00)<\/td>\n<\/tr>\n<tr>\n<td>November 10, 2020<\/td>\n<td>Baader Helvea<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (65.00)<\/td>\n<\/tr>\n<tr>\n<td>October 27, 2020<\/td>\n<td>Warburg Research<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (85.00)<\/td>\n<\/tr>\n<tr>\n<td>October 26, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (65.00)<\/td>\n<\/tr>\n<tr>\n<td>October 17, 2020<\/td>\n<td>MainFirst<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (75.00)<\/td>\n<\/tr>\n<tr>\n<td>September 30, 2020<\/td>\n<td>Commerzbank Research<br \/>\n(&#8220;Note&#8221;)<\/td>\n<td>Buy (74.00)<\/td>\n<\/tr>\n<tr>\n<td>September 29, 2020<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (85.00)<\/td>\n<\/tr>\n<tr>\n<td>September 29, 2020<\/td>\n<td>MainFirst<br \/>\n(&#8220;Flash Note&#8221;)<\/td>\n<td>Buy (75.00)<\/td>\n<\/tr>\n<tr>\n<td>September 28, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (65.00)<\/td>\n<\/tr>\n<tr>\n<td>September 24, 2020<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (85.00)<\/td>\n<\/tr>\n<tr>\n<td>September 24, 2020<\/td>\n<td>Commerzbank Research<br \/>\n(&#8220;Note&#8221;)<\/td>\n<td>Buy (76.00)<\/td>\n<\/tr>\n<tr>\n<td>September 24, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Add (65.00)<\/td>\n<\/tr>\n<tr>\n<td>August 31, 2020<\/td>\n<td>Commerzbank Research<br \/>\n(&#8220;Initial Note&#8221;)<\/td>\n<td>Buy (76.00)<\/td>\n<\/tr>\n<tr>\n<td>August 21, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Add (65.00)<\/td>\n<\/tr>\n<tr>\n<td>August 20, 2020<\/td>\n<td>MainFirst<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (75.00)<\/td>\n<\/tr>\n<tr>\n<td>August 14, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>July 31, 2020<\/td>\n<td>Warburg Resarch<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (90.00)<\/td>\n<\/tr>\n<tr>\n<td>June 18, 2020<\/td>\n<td>Warburg Resarch<br \/>\n(&#8220;Note&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>May 08, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>April 27, 2020<\/td>\n<td>Warburg Resarch<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>April 27, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (42.00)<\/td>\n<\/tr>\n<tr>\n<td>April 17, 2020<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>April 17, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (42.00)<\/td>\n<\/tr>\n<tr>\n<td>March 06, 2020<\/td>\n<td>MainFirst<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (50.00)<\/td>\n<\/tr>\n<tr>\n<td>March 05, 2020<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (42.00)<\/td>\n<\/tr>\n<tr>\n<td>February 27, 2020<\/td>\n<td>MainFirst<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (50.00)<\/td>\n<\/tr>\n<tr>\n<td>January 06, 2020<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>December 11, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (42.00)<\/td>\n<\/tr>\n<tr>\n<td>December 11, 2019<\/td>\n<td>Warburg Resarch<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>December 10, 2019<\/td>\n<td>Warburg Resarch<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (40.00)<\/td>\n<\/tr>\n<tr>\n<td>December 10, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (33.00)<\/td>\n<\/tr>\n<tr>\n<td>December 09, 2019<\/td>\n<td>MainFirst<\/td>\n<td>Outperform (40.00)<\/td>\n<\/tr>\n<tr>\n<td>November 06, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (33.00)<\/td>\n<\/tr>\n<tr>\n<td>November 06, 2019<\/td>\n<td>Warburg Research<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (40.00)<\/td>\n<\/tr>\n<tr>\n<td>October 28, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (33.00)<\/td>\n<\/tr>\n<tr>\n<td>October 28, 2019<\/td>\n<td>Warburg Research<br \/>\n(&#8220;First Glance&#8221;)<\/td>\n<td>Buy (40.00)<\/td>\n<\/tr>\n<tr>\n<td>September 13, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (33.00)<\/td>\n<\/tr>\n<tr>\n<td>September 13, 2019<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (40.00)<\/td>\n<\/tr>\n<tr>\n<td>September 5, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (33.00)<\/td>\n<\/tr>\n<tr>\n<td>September 3, 2019<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (40.00)<\/td>\n<\/tr>\n<tr>\n<td>August 15, 2019<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>August 15, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>June 28, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>June 14, 2019<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Comment&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>May 27, 2019<\/td>\n<td>Warburg Research<br \/>\n(&#8220;Full Note&#8221;)<\/td>\n<td>Buy (45.00)<\/td>\n<\/tr>\n<tr>\n<td>May 08, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>April 25, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>March 26, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>March 26, 2019<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;Equity flash&#8221;)<\/td>\n<td>Buy (38.00)<\/td>\n<\/tr>\n<tr>\n<td>March 25, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (41.00)<\/td>\n<\/tr>\n<tr>\n<td>March 25, 2019<\/td>\n<td>MainFirst<br \/>\nFlash<\/td>\n<td>Outperform (40.00)<\/td>\n<\/tr>\n<tr>\n<td>February 05, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (41.00)<\/td>\n<\/tr>\n<tr>\n<td>February 01, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (41.00)<\/td>\n<\/tr>\n<tr>\n<td>January 10, 2019<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (41.00)<\/td>\n<\/tr>\n<tr>\n<td>December 13, 2018<\/td>\n<td>MainFirst<br \/>\nFlash<\/td>\n<td>Outperform (40.00)<\/td>\n<\/tr>\n<tr>\n<td>December 12, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (41.00)<\/td>\n<\/tr>\n<tr>\n<td>November 28, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (41.00)<\/td>\n<\/tr>\n<tr>\n<td>November 20, 2018<\/td>\n<td>MainFirst<\/td>\n<td>Outperform (40.00)<\/td>\n<\/tr>\n<tr>\n<td>November 09, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (43.00)<\/td>\n<\/tr>\n<tr>\n<td>November 07, 2018<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (38.00)<\/td>\n<\/tr>\n<tr>\n<td>November 06, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (43.00)<\/td>\n<\/tr>\n<tr>\n<td>November 05, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (43.00)<\/td>\n<\/tr>\n<tr>\n<td>September 05, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (43.00)<\/td>\n<\/tr>\n<tr>\n<td>August 14, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>July 23, 2018<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;Equity flash&#8221;)<\/td>\n<td>Buy (38.00)<\/td>\n<\/tr>\n<tr>\n<td>July 20, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>July 9, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>July 03, 2018<\/td>\n<td>Oddo BHF<br \/>\n(&#8220;Equity report&#8221;)<\/td>\n<td>Buy (38.00)<\/td>\n<\/tr>\n<tr>\n<td>May 18, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 24, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 16, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>Jan 9, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>Jan 5, 2018<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Software &amp; IT Services Sector Report&#8221;)<\/td>\n<td>Buy (35.00)<\/td>\n<\/tr>\n<tr>\n<td>Dec 19, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (28.50)<\/td>\n<\/tr>\n<tr>\n<td>Dec 13, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (28.50)<\/td>\n<\/tr>\n<tr>\n<td>Nov 03, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (28.50)<\/td>\n<\/tr>\n<tr>\n<td>Oct 27, 2017<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2017\/10\/AEI_2017_10_27_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Oddo BHF<\/a><br \/>\n<a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2017\/10\/AEI_2017_10_27_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"> (&#8220;Equity Flash&#8221;)<\/a><\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Oct 26, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (26.00)<\/td>\n<\/tr>\n<tr>\n<td>Oct 24, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (26.00)<\/td>\n<\/tr>\n<tr>\n<td>July 10, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Software &amp; IT Services Sector Report&#8221;)<\/td>\n<td>Buy (26.00)<\/td>\n<\/tr>\n<tr>\n<td>May 04, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Hold (21.00)<\/td>\n<\/tr>\n<tr>\n<td>May 03, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Hold (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 10, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 23, 2017<\/td>\n<td>Baader Helvea Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 10, 2017<\/td>\n<td>Oddo Seydler Research<br \/>\n(&#8220;Equity Flash&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 10, 2017<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Feb 17, 2017<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 21, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Oct 31, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 18, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 04, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>May 24, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 29, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>Mar 21, 2016<\/td>\n<td><a title=\"Oddo Seydler Research Company Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2016\/03\/AEI_2016_03_21_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Oddo Seydler Research<\/a><br \/>\n<a title=\"Oddo Seydler Research Company Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2016\/03\/AEI_2016_03_21_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"> (&#8220;Company Update&#8221;)<\/a><\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 18, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>Jan 04, 2016<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>Nov 19, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>Nov 5, 2015<\/td>\n<td><a title=\"Oddo Seydler Research Company Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/AEI_2015_11_05_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Oddo Seydler Research<\/a><br \/>\n<a title=\"Oddo Seydler Research Company Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/11\/AEI_2015_11_05_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"> (&#8220;Company Update&#8221;)<\/a><\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 3, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>Aug 17, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>Aug 5, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>July 30, 2015<\/td>\n<td><a title=\"Oddo Seydler Research Company Update\" href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/07\/AEI_2015_07_30_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Oddo Seydler Research<\/a><br \/>\n<a title=\"Oddo Seydler Research Company Update\" href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/07\/AEI_2015_07_30_Company-Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\"> (&#8220;Company Update&#8221;)<\/a><\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>May 22, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (21.50)<\/td>\n<\/tr>\n<tr>\n<td>May 08, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>May 05, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 22, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 13, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 09, 2015<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 19, 2014<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2014-11-19_CBSR_CompanyUpdate.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (17.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 19, 2014<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 06, 2014<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 21, 2014<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 15, 2014<\/td>\n<td><a title=\"CBSR Company Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2014-08-15_CBSR_CompanyUpdate.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Jul 30, 2014<\/td>\n<td><a title=\"Close Brothers Seydler Research Update Allgeier SE\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2014-07-30_CBSR_Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Jul 29, 2014<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>Jul 4, 2014<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (22.00)<\/td>\n<\/tr>\n<tr>\n<td>May 15, 2014<\/td>\n<td><a title=\"CBSR Update Allgeier SE\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2014-05-15_CBSR_Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>May 13, 2014<\/td>\n<td><a title=\"CBSR Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2014-05-13_CBSR_Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 28, 2014<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 19, 2014<\/td>\n<td><a title=\"CBSR Company Update 19.03.2014 Allgeier SE\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2014-03-19_CBSR_Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 18, 2014<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Jan 28, 2014<\/td>\n<td><a title=\"Close Brothers Seydler Research AG Update Allgeier SE 28.01.2014\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2014-01-28_CBSR_Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>Dec 19, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 15, 2013<\/td>\n<td><a title=\"Close Brothers Seydler Research Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2013-11-15_CBSR_Update.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 11, 2013<\/td>\n<td><a title=\"Hauck &amp; Aufh\u00e4user Institutional Research Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierSE_13-11-11-update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (27.50)<\/td>\n<\/tr>\n<tr>\n<td>Nov 07, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (18.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 20, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (18.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 16, 2013<\/td>\n<td><a title=\"Hauck &amp; Aufh\u00e4user Institutional Research\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierSE_13-08-16_resultsQ2-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (26.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 15, 2013<\/td>\n<td><a title=\"Close Brothers Seydler Research Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2013-08-15_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (17.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 14, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (16.30)<\/td>\n<\/tr>\n<tr>\n<td>Jun 25, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (16.30)<\/td>\n<\/tr>\n<tr>\n<td>May 21, 2013<\/td>\n<td><a title=\"Close Brothers Seydler Research - Company Update 20130521\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2013-05-21_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (17.00)<\/td>\n<\/tr>\n<tr>\n<td>May 16, 2013<\/td>\n<td><a title=\"Hauck &amp; Aufh\u00e4user AllgeierSE_13-05-16_resultsQ1\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierSE_13-05-16_resultsQ1-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>May 15, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (16.60)<\/td>\n<\/tr>\n<tr>\n<td>Apr 30, 2013<\/td>\n<td><a title=\"Hauck &amp; Aufh\u00e4user 13-04-30 Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierSE_13-04-30_update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 29, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (16.60)<\/td>\n<\/tr>\n<tr>\n<td>Apr 02, 2013<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2013-04-02_CBSR_Update-en.pdf\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (17.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 02, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Update&#8221;)<\/td>\n<td>Buy (16.60)<\/td>\n<\/tr>\n<tr>\n<td>Mar 27, 2013<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Company Flash&#8221;)<\/td>\n<td>Buy (18.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 26, 2012<\/td>\n<td><a title=\"Hauck &amp; Aufh\u00e4user AllgeierSE_12-11-26_update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierAG_12-11-26_update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (20.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 16, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-11-16_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (17.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 16, 2012<\/td>\n<td>Baader Bank AG Equity Research<\/td>\n<td>Buy (18.00)<\/td>\n<\/tr>\n<tr>\n<td>Oct 09, 2012<\/td>\n<td><a title=\"Hauck &amp; Aufh\u00e4user AllgeierSE_12-10-09_Update\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierSE_12-10-09_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Sep 05, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-09-05_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (17.00)<\/td>\n<\/tr>\n<tr>\n<td>Sep 03, 2012<\/td>\n<td><a title=\"Hauck &amp; Aufh\u00e4user AllgeierSE_12-09-03_figuresQ2\" href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierAG_12-09-03_figuresQ2-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (21.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 28, 2012<\/td>\n<td>Baader Bank AG Equity Research<br \/>\n(&#8220;Sector Report Software &amp; IT Services&#8221;)<\/td>\n<td>Buy (18.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 08, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-08-08_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Aug 06, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-08-06_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Jul 06, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-07-06_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>May 10, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-05-10_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Apr 19, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierAG_12-04-19_figuresQ4-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 28, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/AllgeierAG_12-03-28_longnote-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Hauck &amp; Aufh\u00e4user Institutional Research<\/a><\/td>\n<td>Buy (23.00)<\/td>\n<\/tr>\n<tr>\n<td>Mar 13, 2012<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-03-13_CBSR_Initial-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy (19.00)<\/td>\n<\/tr>\n<tr>\n<td>Nov 11, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Oct 11, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Sep 05, 2011<\/td>\n<td>Platow Brief<\/td>\n<td>Accumulate<\/td>\n<\/tr>\n<tr>\n<td>Aug 23, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 18, 2011<\/td>\n<td>BorseOnline<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 12, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 05, 2011<\/td>\n<td>Nebenwertejournal<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 03, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 2011<\/td>\n<td>Nebeneffecten Brief<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jul 18, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jul 08, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jun 29, 2011<\/td>\n<td>GSC Research<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jun 25, 2011<\/td>\n<td>Frankfurter B\u00f6rsenbrief<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jun 07, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>May 13, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>May 11, 2011<\/td>\n<td>Focus Money<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Apr 26, 2011<\/td>\n<td>B\u00f6rsenwelt<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Apr 13, 2011<\/td>\n<td>Platow B\u00f6rse<\/td>\n<td>Watchlist<\/td>\n<\/tr>\n<tr>\n<td>Apr 06, 2011<\/td>\n<td>Der Aktion\u00e4r<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Feb 27, 2011<\/td>\n<td>Euro am Sonntag<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Feb 18, 2011<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jan 2011<\/td>\n<td>Nebenwerte Journal<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Dec 19, 2010<\/td>\n<td>Euro am Sonntag<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Dec 08, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Nov 09, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 17, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 2010<\/td>\n<td>NebeneffectenBrief<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jul 09, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jun 08, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>May 2010<\/td>\n<td>Nebenwerte Journal<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>May 10, 2010<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/en\/wp-content\/uploads\/sites\/2\/2015\/03\/Allgeier_2012-05-10_CBSR_Update-en.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Close Brothers Seydler Research<\/a><\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Apr 13, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Feb 26, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jan 15, 2010<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 19, 2009<\/td>\n<td>Independent Research<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jun 09, 2009<\/td>\n<td>UniCredit<\/td>\n<td>Hold<\/td>\n<\/tr>\n<tr>\n<td>Jan 15, 2009<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Nov 24, 2008<\/td>\n<td>UniCredit<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Nov 24, 2008<\/td>\n<td>Independent Research<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 19, 2008<\/td>\n<td>Independent Research<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jul 31, 2008<\/td>\n<td>Independent Research<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Feb 22, 2008<\/td>\n<td>VEM Aktienbank<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Feb 22, 2008<\/td>\n<td>Independent Research<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Dec 04, 2007<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/03\/20071204_FocusMoney-de.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Focus Money<\/a><\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Nov 15, 2007<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/03\/Allgeier_Investmentstudie_15November_2007-de.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Independent Research<\/a><\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Nov 2007<\/td>\n<td>BetaFaktor<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jul 03, 2007<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/03\/Allgeier_Investmentstudie_3Juli2007-de.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Independent Research<\/a><\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Jun 27, 2007<\/td>\n<td>Der B\u00f6rsendienst<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Apr 17, 2007<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/03\/Allgeier_Investmentstudie_17Apri_2007-de.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Independent Research<\/a><\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Oct 26, 2006<\/td>\n<td>Der Aktion\u00e4r<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Oct 20, 2006<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/03\/AF_AEI_D_20102006-de.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Midas Research<\/a><\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 31, 2006<\/td>\n<td>Independent Research<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Aug 25, 2006<\/td>\n<td>Independent Research<\/td>\n<td>First rating<\/td>\n<\/tr>\n<tr>\n<td>Aug 16, 2006<\/td>\n<td>Prior B\u00f6rse<\/td>\n<td>Buy, euro 11<\/td>\n<\/tr>\n<tr>\n<td>Jun 21, 2006<\/td>\n<td>BetaFaktor<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Feb 15, 2006<\/td>\n<td>Hot Stocks Europe<\/td>\n<td>Buy, euro 17<\/td>\n<\/tr>\n<tr>\n<td>Jul 04, 2005<\/td>\n<td>EURO am Sonntag<\/td>\n<td>Buy<\/td>\n<\/tr>\n<tr>\n<td>Apr 14, 2005<\/td>\n<td><a href=\"https:\/\/www.allgeier.com\/de\/wp-content\/uploads\/sites\/3\/2015\/03\/allgeier_Midas-Research_20050414-de.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Midas Research<\/a><\/td>\n<td>Buy<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div id=\"__if72ru4sdfsdfrkjahiuyi_once\"><\/div>\n<div id=\"__hggasdgjhsagd_once\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Analyst Reports Date Publisher Rating (Target Price in EUR) April 02, 2026 LBBW (&#8220;Aktie Kompakt&#8221;) Buy (24.50) March 26, 2026 Baader Europe (&#8220;Earnings Wrap-up&#8221;) Buy (23.60) February 09, 2026 Baader Europe (&#8220;EPS change&#8221;) Add (24.20) January 05, 2026 Berenberg (&#8220;Update&#8221;) Hold (22.00) December 19, 2025 LBBW (&#8220;Aktie Kompakt&#8221;) Buy (24.50) December 19, 2025 Warburg Research &hellip; <\/p>\n","protected":false},"author":1,"featured_media":0,"parent":9,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-225","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Analyst Reports - Allgeier SE<\/title>\n<meta name=\"robots\" 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SE","og_description":"Analyst Reports Date Publisher Rating (Target Price in EUR) April 02, 2026 LBBW (&#8220;Aktie Kompakt&#8221;) Buy (24.50) March 26, 2026 Baader Europe (&#8220;Earnings Wrap-up&#8221;) Buy (23.60) February 09, 2026 Baader Europe (&#8220;EPS change&#8221;) Add (24.20) January 05, 2026 Berenberg (&#8220;Update&#8221;) Hold (22.00) December 19, 2025 LBBW (&#8220;Aktie Kompakt&#8221;) Buy (24.50) December 19, 2025 Warburg Research &hellip;","og_url":"https:\/\/www.allgeier.com\/en\/investor-relations\/analyst-reports\/","og_site_name":"Allgeier SE","article_modified_time":"2026-04-02T16:20:03+00:00","twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"14 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.allgeier.com\/en\/investor-relations\/analyst-reports\/","url":"https:\/\/www.allgeier.com\/en\/investor-relations\/analyst-reports\/","name":"Analyst Reports - Allgeier 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