Deutsche Bank: Credit Suisse still a seller

(CercleFinance.com) - Credit Suisse maintains its "underperform" rating on the Deutsche Bank share, while raising its target price from 5 euros to 5.
5 euros (25% downside potential), following its publication of a Q2 loss that is slightly below the consensus.

Although it is raising its estimates slightly to take this into account, the broker still expects a loss in 2021. It also notes that the stock is trading at a premium over more profitable banks that offer better returns.

The market definitely agrees - the share is down over 6% just over an hour from close...


Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.