RBC Capital analyst Anke Reingen upgraded Commerzbank (CRZBY) to Outperform from Sector Perform with a price target of EUR 43, up from EUR 37. The firm sees the company either delivering on its own or UniCredit will attempt again to acquire the bank.
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Read More on CRZBY:
- Commerzbank announces rejection of ‘hostile approach’ from UniCredit
- Commerzbank upgraded to Overweight from Equal Weight at Barclays
- Commerzbank price target raised to EUR 40 from EUR 38 at Deutsche Bank
- Commerzbank price target raised to EUR 37 from EUR 34.90 at Citi
- Commerzbank price target raised to EUR 39 from EUR 35.10 at Goldman Sachs