Commerzbank

RBC lowers the price target for Commerzbank from 43 to 40 euros and downgrades the stock from "Outperform" to "Sector Perform". Analyst Anke Reingen slightly raised her estimates, but higher equity costs and uncertainty due to Unicredit plans led to a lower target. The shares fell in XETRA trading by about 1.9 percent at times. » Mere på finanzen.net

The Commerzbank share slid about 3.7 percent as the DAX laggard to its lowest level since early September and fell well below the 21-day line. Benjamin Goy from Deutsche Bank’s research team withdrew the buy recommendation, citing largely priced-in price drivers and increased uncertainty about future strategy in light of the takeover by UniCredit. Goy sees better opportunities in the sector than at Commerzbank and names ING as one of his top picks. » Mere på finanzen.net

Deutsche Bank Research cut its rating for Commerzbank from "Buy" to "Hold" but left the €42 price target unchanged. The downgrade was justified by saying many positive share-price drivers—such as rising interest income and distributions—are already priced in or have been realized, and that the valuation, despite higher earnings expectations, is above the sector average. Commerzbank shares fell in trading to as low as €40.76 (−2.93%). » Mere på finanzen.net