Deutsche Bank: UBS raises its target price
(CercleFinance.com) - UBS has confirmed its 'buy' recommendation on Deutsche Bank shares, raising its target price from E18.
8 to E19.5, a new TP that offers 24% upside potential for the German bank's shares.
The broker points to a very confident message on all income statement lines for 2025, overshadowed by concerns about a slippage in the cost of risk, legacy items and revenue growth from investment banking.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
8 to E19.5, a new TP that offers 24% upside potential for the German bank's shares.
The broker points to a very confident message on all income statement lines for 2025, overshadowed by concerns about a slippage in the cost of risk, legacy items and revenue growth from investment banking.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.