ubs maintains buy rating for deutsche bank with target price of 18.80 euros

Deutsche Bank has been given a "Buy" rating by UBS AG, with a target price of €18.80. According to analyst Mate Nemes, the bank has made progress in certain areas, but high provisions have overshadowed this.

The cost of risk in the third quarter exceeded the annual target, leading Deutsche Bank to adjust its forecast for this key figure in 2024. In XETRA trading, the bank's shares fell by 1.8% to €16.01, indicating a potential upside of 17.4% compared to the target price. The trading volume increased to 8,180,448 shares, and the stock has appreciated by 33.3% since the beginning of 2024.

Deutsche Bank is set to release its Q3 2024 earnings and sales figures on October 23, 2024.

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