Analysts at Bank of America downgraded their rating on Deutsche Bank to underperform from neutral, though its price target was lifted to €11.45 from €10.50....
Analysts at Bank of America downgraded their rating on Deutsche Bank XE:DBK DB to underperform from neutral, though its price target was lifted to €11.45 from €10.50. Analysts led by Rohith Chandra-Rajan said Deutsche Bank will struggle to improve profitability as growth is heavily volume reliant, consuming cost and capital resources. The bank sees stronger momentum, better profitability and more attractive capital distributions from other European banks. Deutsche Bank shares fell 3% to €11.
... Analysts at Bank of America downgraded their rating on Deutsche Bank DBK DB to underperform from neutral, though its price target was lifted to €11.45 from €10.50. Analysts led by Rohith Chandra-Rajan said Deutsche Bank will struggle to improve profitability as growth is heavily volume reliant, consuming cost and capital resources. The bank sees stronger momentum, better profitability and more attractive capital distributions from other European banks. Deutsche Bank shares fell 3% to €11.
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