Deutsche Bank: Oddo BHF maintains 'reduce' rating
(CercleFinance.com) - Although it has raised its target price for the share by 11% to 7.
9 euros, broker Oddo BHF is maintaining its "reduce" rating on the Deutsche Bank share, saying that it remains cautious on the share relative to the sector for several reasons.
In its research note, the broker thus highlights the share's limited upside potential (+14%) relative to the sector (+30%), especially considering its risk profile.
It also points to compliance with solvency limits that is largely dependent on parameters that are beyond the group's control, while the resulting operational performance remains fragile, despite efforts it intends to make.
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