Deutsche Bank: Credit Suisse still a seller
(CercleFinance.com) - Credit Suisse maintains its "underperform" rating on the Deutsche Bank share, while raising its target price from 5 euros to 5.
5 euros (25% downside potential), following its publication of a Q2 loss that is slightly below the consensus.
Although it is raising its estimates slightly to take this into account, the broker still expects a loss in 2021. It also notes that the stock is trading at a premium over more profitable banks that offer better returns.
The market definitely agrees - the share is down over 6% just over an hour from close...
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