Burford Capital downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank downgraded Burford Capital (BUR) to Hold from Buy with a price target of $5, down from $7. The company’s ability to deliver attractive returns on capital has been getting pushed out for reasons beyond its control, the analyst tells investors in a research note. Deutsche awaits clearer signs that Burford’s realizations could move meaningfully above its current expectations before again recommending the shares.