Deutsche Bank: UBS cuts target price
(CercleFinance.com) - UBS has cut its price target on Deutsche Bank, citing a fourth quarter of 2018 "to forget about".
The broker cut its target price for the stock of Germany's biggest lender, from 9.4 euros to 7.8 euros, now representing upside of just 2%, while maintaining its "neutral" rating.
"We stay on the side-lines", UBS wrote in the report.
Deutsche Bank shares were trading 1.6% lower at 7.5 euros on Wednesday. The group will report its preliminary results for FY 2018 on 1 February.
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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 broker cut its target price for the stock of Germany's biggest lender, from 9.4 euros to 7.8 euros, now representing upside of just 2%, while maintaining its "neutral" rating.
"We stay on the side-lines", UBS wrote in the report.
Deutsche Bank shares were trading 1.6% lower at 7.5 euros on Wednesday. The group will report its preliminary results for FY 2018 on 1 February.
Copyright (c) 2019 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.