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Piraeus Bank downgraded to Hold from Buy at Deutsche Bank

Piraeus Bank downgraded to Hold from Buy at Deutsche Bank

Deutsche Bank analyst Alfredo Alonso downgraded Piraeus Bank to Hold from Buy with a EUR 3 price target. The firm sees Greek banks “taking a breath” after a “stellar” year-to-date performance in the stocks, driven by NII beats, rates, efficient cost control, improving asset quality and capital levels.

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