Deutsche Bank downgrades Man Group, says stock up with events

25th Jun 2026 13:23

(Sharecast News) - Deutsche Bank downgraded Man Group to 'hold' from 'buy' on Thursday as it said the stock was now up with events.

Following a volatile, but ultimately positive total shareholder return in 2025, which has strongly continued in 2026, DB said it thinks the shares are now up with events and fairly price in the current positioning and outlook.

"This follows a recovery in fund performance in most of the flagship funds in H225, which continued at the start of 2026 and has largely held ground since then," it said. "This brings the prospect of a potentially healthier (albeit still fragile and volatile) flow outlook and an improved performance fee outlook."

The bank lifted its price target on the stock to 310p from 295p.

At 1320 BST, Man Group shares were down 0.8% at 294.20p.