Deutsche Bank upgrades Robert Walters to 'buy', raising target to 160p on strong recruitment growth.

Deutsche Bank upgraded Robert Walters PLC from 'hold' to 'buy', raising its price target by 60% to 160p due to resilient recruitment trading despite interest rate concerns. The upgrade reflects a recovery in recruitment revenue, with about 50% of peers returning to growth, led by companies like Adecco and Randstad. Deutsche Bank also upgraded other recruitment firms including Hays, Michael Page, and SThree, citing strong demand and positive outlooks, particularly in the US and Germany. The bank expects further support from Germany's fiscal stimulus and labor market reforms in the coming year.