Morgan Stanley downgraded Commerzbank (CRZBY) to Equal Weight from Overweight with a price target of EUR 36, up from EUR 32. The firm awaits more progress on the bank’s business plan. Commerzbank is no longer Morgan Stanley’s top picks in European banks.
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Read More on CRZBY:
- Commerzbank downgraded to Sell from Neutral at Goldman Sachs
- Commerzbank downgraded to Underperform from Neutral at BofA
- UniCredit increases physical stake in Commerzbank to 26%
- Commerzbank downgraded to Hold from Buy at Deutsche Bank
- Commerzbank price target raised to EUR 36.10 from EUR 32.50 at Citi