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.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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