Analyst recommendations

(dated: February 02, 2012)

Institut Analyst Recommendation Date
 
Bankhaus Lampe Leslie Iltgen Buy November 2011
CA Cheuvreux Oliver Reinberg Underperform January 2012
CBS Research Igor Kim Buy November 2011
Commerzbank Yasmin Moschitz Hold January 2012
Deutsche Bank Gunnar Romer Buy November 2011
DZ Bank Michael Bissinger Buy January 2012
Equinet Edouard Aubery Accumulate January 2012
HSBC Jan Keppeler Neutral November 2011
LBBW Volker Stoll Hold January 2012
M.M. Warburg Eggert Kuls Hold October 2011
NORD/LB Holger Fechner Buy November 2011
Silvia Quandt & Cie Stefan Muehlbauer Buy November 2011
WestLB Oliver Kämmerer Neutral October 2011


To the best of our knowledge, the list includes the main sell-side analysts who rate Dräger. Dräger cannot guarantee that the information provided includes all of the reports by market analysts.

The opinions, predictions, estimates and forecasts expressed by the analysts in the list regarding Dräger’s performance only reflect the views of these analysts and do not represent the opinions, predictions, estimates and forecasts of Dräger or the general partner, Drägerwerk AG & Co. KGaA. The fact that Dräger has published the names of the analysts does not mean that the Company endorses or agrees with their reports, conclusions or recommendations. Dräger does not accept any liability for the accuracy of the presentation.

This list is purely for information purposes and is not an invitation to buy, hold or sell securities.