Deutsche Bank: UBS maintains 'sell' after restructuring
(CercleFinance.com) - UBS maintains its "sell" rating after the Deutsche Bank announcements on Monday, also keeping its 5.
7-euro price target that represents a 21% downside on the shares at current levels.
"As expected, DB announced strategic changes that are probably even more radical than suggested by market expectations and press articles", the broker writes in a note to clients.
The shares of Deutsche Bank are currently down 1.7% at 7.05 euros in Frankfurt.
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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.
7-euro price target that represents a 21% downside on the shares at current levels.
"As expected, DB announced strategic changes that are probably even more radical than suggested by market expectations and press articles", the broker writes in a note to clients.
The shares of Deutsche Bank are currently down 1.7% at 7.05 euros in Frankfurt.
Copyright (c) 2019 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.