Kepler Cheuvreux downgraded Deutsche Bank (DB) to Hold from Buy with a price target of EUR 28, up from EUR 25.50. The firm cites valuation for the downgrade with the shares up 70% year-to-date. Kepler is taking a “tactical break” in the stock.
Claim 55% 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 DB:
- Deutsche Bank price target raised to EUR 30 from EUR 26.30 at JPMorgan
- Deutsche Bank downgraded to Sell from Neutral at Citi
- Deutsche Bank downgraded to Neutral from Outperform at Oddo BHF
- Deutsche Bank’s Earnings Call: Growth Amid Challenges
- Deutsche Bank AG: Strong Financial Performance and Strategic Positioning Justify Buy Rating