Goldman Sachs analyst Chris Hallam downgraded Commerzbank (CRZBY) to Sell from Neutral with a price target of EUR 34.10, up from EUR 29.20. The bank will continue on a positive profitability trajectory but the stock’s valuation is “demand” following the recent rally, the analyst tells investors in a research note. Goldman says Commerzbank is trading at premium to the sector.
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Read More on CRZBY:
- 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
- Commerzbank price target raised to EUR 28 from EUR 27 at RBC Capital