What exactly did Deutsche Bank do on February 9, 2026 for BECTY analyst rating?

Deutsche Bank **maintained Buy** for Bechtle AG on **February 9, 2026** and lowered the price target to **EUR 48** from **EUR 49**. The action is a ratings maintenance, not a downgrade to Hold or Sell, signaling continued positive conviction.

How should investors interpret a maintained Buy with a lower price target for BECTY?

A maintained Buy with a small price target reduction means the analyst still expects outperformance. Investors should review valuation against the **EUR 48** target and consider time horizon, risk tolerance, and sector conditions before acting on the BECTY analyst rating.

Does this update change Bechtle AG’s Meyka grade or valuation view?

Meyka AI currently rates BECTY with a grade of **B+**. The Deutsche Bank change is marginal and does not automatically alter the Meyka grade; we factor analyst moves into the grade alongside fundamentals and benchmarks.

Where can I read the Deutsche Bank note cited in this report?

The Deutsche Bank price target update is summarized by TheFly. See the report here for details and context [source](https://thefly.com/permalinks/entry.php/id4288556/8905286394/BECTY-Bechtle-price-target-lowered-by-EUR--at-Deutsche-Bank).

Analyst Ratings

Deutsche Bank Maintains Buy on Bechtle AG (BECTY) Feb 2026

ByHuzaifa Zahoor February 10, 2026February 10, 2026

Deutsche Bank maintained its Buy rating on Bechtle AG (BECTY) on February 9, 2026. This BECTY analyst rating keeps a positive recommendation while lowering the price target to EUR 48 from EUR 49, as noted in the firm’s research note. The update shows 0.0% ($0.0) price change recorded in the report and cites sector dynamics behind the modest target cut. Investors should note the firm’s continued conviction despite a small target adjustment and consider how this fits with their portfolio goals.