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Deutsche Bank has lowered its price target for Maravai Lifesciences Holdings, Inc. to $5 from $10 while maintaining a Buy rating. Maravai specializes in providing essential products for drug therapy, diagnostics, and vaccine development, operating through its Nucleic Acid Production and Biologics Safety Testing segments. The company serves a diverse range of clients, including those in biopharmaceuticals, vaccines, diagnostics, and cell and gene therapy.
Deutsche Bank has raised its price target on Planet Labs PBC to $5 from $4.50 while maintaining a Buy rating. Planet Labs specializes in global satellite imagery and geospatial solutions, serving over 1,000 clients across various sectors, including agriculture and government. Their technology provides critical insights into issues like deforestation and climate change through a daily stream of data and advanced analytics.
Deutsche Bank’s Corporate Venture Capital group and Heavybit have led a Series A funding round for Kosli, a provider of automated governance solutions for software delivery, with participation from Defined Capital, Transpose Platform, and angel investors. The investment will enhance Kosli Enterprise, designed for financial services, by supporting large user bases and automating change management and audit evidence generation. Kosli aims to improve software delivery performance in regulated industries, addressing the challenges of manual control and audit processes.
U.K. inflation expectations are rising, with Deutsche Bank forecasting they will remain elevated through 2025, driven by increases in food and energy prices. The Bank of England's data shows short-term expectations at 3.9%, prompting concerns about second-round effects on the economy. While rate cuts are anticipated, the MPC may pause if inflation continues to climb, particularly as it assesses 2026 pay settlements.
Kosli has secured $10 million in Series A funding from Deutsche Bank and Heavybit to enhance software delivery governance in financial services. The new Kosli Enterprise features support large user bases, automate change management, and generate audit evidence, addressing compliance challenges in regulated industries. The funding will accelerate Kosli's growth and technology development, enabling secure and efficient software delivery.
Deutsche Bank has downgraded SGL Carbon SE from "Buy" to "Hold," slashing the price target from EUR 7.40 to EUR 4.30 following a decline in FY24 revenue and EBITDA. The company reported a 6% drop in revenue and a net loss of EUR 80 million, contrasting with a net profit of EUR 41 million the previous year. Despite challenges in key sectors, free cash flow improved to EUR 39 million, recovering from a negative EUR 96 million last year.
Deutsche Bank AG has opted not to call one of its Additional Tier 1 bonds, breaking from the trend among European banks to redeem such debt at the first opportunity. The decision, influenced by potential losses of around €240 million due to a weaker euro, highlights the bank's case-by-case approach to bond management. Meanwhile, it plans to redeem a separate $1.5 billion AT1 bond on April 30, which may incur losses of approximately €180 million related to foreign exchange.
Deutsche Bank has lowered its price target for Accenture plc to $290 from $365 while maintaining a Hold rating, following the company's report of $16.7 billion in revenue for 2025, which reflects a 5.4% year-over-year increase. Despite strong fundamentals, Accenture faces challenges in its Federal Services business due to government spending cuts and macroeconomic uncertainties. Analysts from TD Cowen and Stifel have also adjusted their price targets to $365 and $355, respectively, while noting the company's strategic focus on digital transformation and AI as key to navigating current market conditions.
Deutsche Bank plans to cut around 2,000 jobs through significant branch closures this year, following the closure of 125 branches last year. CEO Christian Sewin stated that these closures are in response to changing customer preferences for remote advisory services, leading to investments in telephone and video channels. Some branches will be transformed into private banking centers to cater to wealthier clients.
HSBC is negotiating to sell its German fund administration unit to BlackFin Capital Partners for approximately €400 billion ($435.16 billion). This move is part of a broader restructuring led by CEO Georges Elhedery, aimed at reducing costs and streamlining operations, including significant job cuts and business simplifications. The bank has also recently sold its private client trust business and is focusing on growth in priority areas.
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Deutsche Bank lowers Maravai Lifesciences price target while maintaining buy rating
13:39 21.03.2025
deutsche bank raises price target for planet labs to five dollars
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deutsche bank and heavybit invest in kosli to enhance software governance
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deutsche bank forecasts rising uk inflation expectations through 2025
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11:20 21.03.2025
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Deutsche Bank to close branches and cut 2000 jobs this year
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hsbc negotiates sale of german fund administration unit to blackfin capital
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01:00 21.03.2025
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