Deutsche Bank: Oddo BHF maintains 'reduce' rating
(CercleFinance.com) - Although it has raised its target price for the share by 11% to 7.
9 euros, broker Oddo BHF is maintaining its "reduce" rating on the Deutsche Bank share, saying that it remains cautious on the share relative to the sector for several reasons.
In its research note, the broker thus highlights the share's limited upside potential (+14%) relative to the sector (+30%), especially considering its risk profile.
It also points to compliance with solvency limits that is largely dependent on parameters that are beyond the group's control, while the resulting operational performance remains fragile, despite efforts it intends to make.
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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.
9 euros, broker Oddo BHF is maintaining its "reduce" rating on the Deutsche Bank share, saying that it remains cautious on the share relative to the sector for several reasons.
In its research note, the broker thus highlights the share's limited upside potential (+14%) relative to the sector (+30%), especially considering its risk profile.
It also points to compliance with solvency limits that is largely dependent on parameters that are beyond the group's control, while the resulting operational performance remains fragile, despite efforts it intends to make.
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.