(new: share price, experts and details)

FRANKFURT (dpa-AFX) - Deutsche Borse shares reacted positively on Tuesday to new targets set by the borse operator for the period up to 2026. At the top of the moderately weaker Dax, they rose 3.7 percent to 165.10 euros, leaving both the 50-day and 100-day lines, which are regarded as signaling the medium-term trend, behind.

At EUR 167.52, the next resistance is the 200-day line, which is even more important for the longer-term trend. The downward trend that started in April after a record high of just over EUR 186 could then also be broken.

The announcement of a share buyback program the previous evening did not initially have a positive effect on the share price in the morning - but the sales and profit expectations for the next few years did. The new business targets are slightly above the market consensus, wrote analyst Ben Bathurst from the Canadian bank RBC in an assessment. According to him, the targeted improvement in profitability in particular should be well received.

Among the borse operators he observes, the expert sees Deutsche Borse as one of the companies best positioned to benefit from the current uncertain market conditions. However, he is not yet entirely convinced by the logic behind the takeover of Danish software company Simcorp, particularly with regard to the valuation./ajx/tav/jha/