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Deutsche Bank has upgraded Recordati SpA's stock rating from Sell to Hold, maintaining a price target of €52. This change follows a reassessment of the company's valuation after a 12% decline in its stock price, influenced by a private equity stake sale and market dynamics. The analysts now view the risk/reward profile as balanced, with Recordati trading at a forward P/E ratio of 17, slightly below its industry peers.
Deutsche Bank has reduced its price target for Flywire Corporation from $16 to $11 while maintaining a hold rating. Flywire is a global payments enablement and software company that integrates its technology into clients' accounts receivable workflows across various sectors, including education, healthcare, and travel. The company supports over 4,000 clients with diverse payment methods in more than 140 currencies worldwide.
Deutsche Bank has upgraded Banca Monte dei Paschi di Siena SpA (BMPS:IM) from Hold to Buy, raising the price target from EUR7.50 to EUR8.60. Analyst Giovanni Razzoli noted that despite a recent recovery, MPS still trades at a 15% discount to peers, but potential benefits from a tender offer for Mediobanca could enhance MPS's earnings and dividends, justifying the upgrade.
India's Shapoorji Pallonji Group plans to raise approximately $3.3 billion through bond sales in the first quarter of the next financial year. The issuance, expected to be between 270 billion to 290 billion rupees, will be arranged by Deutsche Bank and primarily used to refinance existing debt. The bonds are anticipated to attract private credit funds, with details on the final amount and coupon rates still under discussion.
Deutsche Bank has initiated coverage of Ferrovial with a "buy" rating, citing the strong pricing power of its toll roads unit. Factors such as population growth, rising disposable incomes, and limited price elasticity enhance the business's prospects, with the bank projecting over 40% upside in three years, excluding new project wins. Among 22 analysts, 15 recommend the stock as a "strong buy" or "buy."
Deutsche Bank's COO for China, Ole Gerdau, emphasized the country's surprising strength in AI, particularly with the launch of DeepSeek. The bank anticipates that by 2025, there will be a significant shift in global capital towards China's financial markets.
Deutsche Bank has maintained a Hold rating on NVIDIA shares with a price target of $145, following the company's optimistic outlook on AI compute growth. NVIDIA anticipates a 100-fold increase in inference-related compute needs and expects data center capital expenditure to reach $1 trillion by 2028, driven by advancements in AI technologies. Other analysts, including Wells Fargo and Bernstein, have set higher targets of $185 and $170, respectively, reflecting confidence in NVIDIA's strong product roadmap and market position.
Germany's Stada Arzneimittel has postponed its initial public offering until September due to recent market uncertainties, according to sources. The company's private-equity owners, Bain Capital and Cinven, are still discussing the listing plans, which remain subject to change. JPMorgan Chase, Morgan Stanley, Deutsche Bank, and Goldman Sachs are serving as global coordinators for the IPO.
Deutsche Bank has launched Bizum, a popular mobile payment solution, for its corporate clients in Spain, becoming the first international bank to do so. This initiative allows both foreign multinationals and national businesses with a virtual POS service to accept Bizum payments, enhancing their payment options. With over 28.5 million users and 3.75 billion transactions, Bizum is recognized for its speed and convenience, making it particularly effective for eCommerce and recurring payments.
UBS CEO Sergio Ermotti earned 14.9 million Swiss francs in 2024, including a fixed salary of 2.8 million and bonuses of 12.1 million. His remuneration, a 4% increase from the previous year, has sparked criticism and debate over high bonuses in Switzerland, especially as it remains lower than some German CEOs. A parliamentary proposal to cap bankers' salaries at 3 to 5 million Swiss francs could significantly impact UBS if approved.
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Deutsche Bank upgrades Recordati stock rating to hold with target at 52 euros
12:26 19.03.2025
deutsche bank lowers flywire price target while maintaining hold rating
12:18 19.03.2025
Deutsche Bank upgrades Banca MPS to buy with target price of EUR8.60
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Shapoorji Pallonji Group plans to raise 3.3 billion dollars through bonds
12:01 19.03.2025
Deutsche Bank initiates buy rating for Ferrovial citing strong pricing power
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Deutsche Bank urges increased investment in China's emerging AI market
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Deutsche Bank maintains hold rating on NVIDIA amid strong AI growth prospects
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