Morningstar has a “hold" recommendation on DWS Limited as the trading environment remains challenging, but demand appears to be starting to improve.
“In a brief update, DWS said that trading conditions remain difficult, but it is starting to see a number of positive signs. Staff numbers are materially lower than last year but utilisation has improved and new demand for services means the company is recruiting again in most regions. We make no changes to our forecasts or fair value estimate of $1.30.
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Elise Shaw writes on Markets specialising in Equity Markets, Commodities, Mining. Based in our Sydney newsroom, Elise has over 25 years experience as a finance and markets journalist and editor. Connect with Elise on Twitter.
