Deutsche Bank: Credit Suisse upgrades from underperform.
(CercleFinance.com) - Credit Suisse has upgraded its rating on the Deutsche Bank stock from "underperform" to "neutral," while trimming its target price, from 15 euros to 14.
5 euros.
To justify its upgrade, the Credit Suisse analysts point out that the German bank's share has fallen by 13% since the beginning of the quarter, representing the sharpest faller in its sector.
Credit Suisse has slightly reduced its EPS estimates, given a sluggish August for capital markets revenues, but considers that a "challenging earnings outlook is now in the price".
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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.
5 euros.
To justify its upgrade, the Credit Suisse analysts point out that the German bank's share has fallen by 13% since the beginning of the quarter, representing the sharpest faller in its sector.
Credit Suisse has slightly reduced its EPS estimates, given a sluggish August for capital markets revenues, but considers that a "challenging earnings outlook is now in the price".
Copyright (c) 2017 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.