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Deutsche Bank: Oddo still a seller, but raises TP

( - On Monday morning an Oddo BHF analyst confirms his "Reduce" recommendation on the Deutsche Bank share, although has raised his correspond target price from 5.
40 euros to 6.10 euros (current price 8.35 euros).

We are transferring to the earnings outlook through to 2022 in DBK's Strategic Plan (2022). This implies a slightly higher outlook for profitability, although higher cumulative transformation costs than those planned for 2022 (restructuring, liquidation costs of assets in run-off, etc.), Oddo BHF explains.

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