Deutsche Bank downgrades abrdn as it questions cost-saving strategies

clock • 2 min read
abrdn CEO Stephen Bird

abrdn CEO Stephen Bird

Deutsche Bank has downgraded abrdn to "sell" and highlighted concerns around the asset manager's cost-saving plans. The downgrade from "hold" was revealed in an analyst note published yesterday (14 September), just two weeks after abrdn dropped out of the FTSE 100. The bank said it is now taking a "more cautious stance on several fronts" towards abrdn and has cut its price target by 23% from 175p to 135p, adding that accelerating stake sales will not offset wider headwinds faced by the ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?