Analyst Andrew Coombs upgraded Deutsche Bank to buy/high risk from neutral/high risk.
It's time to buy Deutsche Bank shares as the beaten-down bank shows signs of a strong recovery, according to Citi. Analyst Andrew Coombs upgraded Deutsche Bank to buy/high risk from neutral/high risk, saying the stock has further upside after the firm's stronger-than-expected first quarter results . "Deutsche Bank is one of the most de-rated banks YTD, yet the 1Q23 results demonstrated potential for further consensus earnings upgrades.
It was the German bank's 11th straight quarterly profit after completing a restructuring plan that started in 2019. It also marked the company's first quarterly report since a banking crisis in Europe that ended with Credit Suisse being absorbed by rival UBS. The bank's German-listed stock is down 10% this year. However, the analyst's €13.50 price target represents 40% upside from Tuesday's price at €9.63.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
AT&T stock added to Citi’s ‘positive catalyst watch list’Citi Research analyst Michael Rollins added AT&T Inc.’s stock to Citi’s positive catalyst watch list Wednesday, writing that he anticipates “disclosures over...
Read more »
Coinbase Faced With Too Much Regulatory Uncertainty, Rating Cut to Neutral: Citi.Citi cut its rating on crypto exchange coinbase to neutral citing regulatory uncertainty. By willcanny99.
Read more »
First Republic rescue means banking uncertainty is over, Citi CEO saysFirst Republic's rescue by JPMorgan means the worst of the banking uncertainty is over, Citi CEO says
Read more »
Coinbase stock will be ‘weighed down’ until US rules are clear: CitiAnalysts at Citi downgraded Coinbase stocks from 'Buy' to 'Neutral' citing “too many unknowns” amid the uncertain regulatory backdrop in the US.
Read more »
DNA analyst: Hair found on tape wrapping body matched momA hair found stuck to duct tape wrapping the body of a 7-year-old boy matched the child's mother, a DNA analyst told jurors Monday in the woman's triple murder trial. The hair, found on tape attached to a black plastic bag wrapping the body of Joshua “JJ” Vallow, contained a partial DNA profile that was compared to three DNA samples, including one from the boy's mother, said Keeley Coleman, a DNA analyst for Bode Technology. “The partial DNA profile matched the DNA profile provided from Lori Vallow Daybell,” Coleman said.
Read more »
First Republic stock investors face 'wipe-out,' analyst saysJPMorgan did not assume First Republic’s corporate debt or preferred stock, meaning institutional investors will not be a made whole. One analyst expects common shareholders to get wiped out, too.
Read more »