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Deutsche Bank Stock Is Gaining After an Upgrade. Here’s What the Analyst Likes.

·2 min read
Deutsche Bank Stock Is Gaining After an Upgrade. Here’s What the Analyst Likes.
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  • DBK.DE

Shares of Deutsche Bank rose 3% on Monday, after analysts at J.P. Morgan upgraded the German bank to Overweight from Neutral. The analysts, led by Kian Abouhossein, raised their target price on Deutsche Bank (ticker: DB) to €15 ($16.94) from €13.50, saying that the German bank’s current management had successfully delivered up to now on the strategy it presented in 2019, with revenue growth/stabilization and, more important, demonstrating its ability to deliver on its cost plan. J.P. Morgan also added Deutsche Bank to its top picks for its European banks portfolio.