Deutsche Bank Cuts Douglas Target, Downgrades to Hold

Deutsche Bank downgraded Douglas AG to “hold” from “buy” and cut target price to €10.50 from €16.
The downgrade cites a weaker consumer backdrop, faster online beauty sales growth and rising Amazon competition.
FY26 earnings per share estimate cut 16% and FY27 estimate cut 22% due to slower sales and higher low‑margin revenue share.