JPMorgan downgraded Commerzbank (CRZBY) to Neutral from Overweight with a price target of EUR 33, up from EUR 30. The stock is trading at a premium valuation to the sector and offers limited upside from current levels, the analyst tells investors in a research note.
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Read More on CRZBY:
- ING Groep upgraded to Overweight from Equal Weight at Morgan Stanley
- Commerzbank downgraded to Equal Weight from Overweight at Morgan Stanley
- 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%
