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Deutsche Bank AG (DB) Gets a Sell Rating from Credit Suisse

In a report released today, Jon Peace from Credit Suisse maintained a Sell rating on Deutsche Bank AG (DBResearch Report), with a price target of EUR11.00. The company’s shares closed last Friday at $11.78.

According to TipRanks.com, Peace is ranked #1679 out of 7909 analysts.

Currently, the analyst consensus on Deutsche Bank AG is a Moderate Buy with an average price target of $14.54.

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Based on Deutsche Bank AG’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $5.86 billion and net profit of $263 million. In comparison, last year the company earned revenue of $5.42 billion and had a net profit of $147 million.

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Founded in 1870, Germany-based Deutsche Bank AG provides investment, financial, and related products and services to private individuals, corporate entities, and institutional clients worldwide. It operates through the following divisions: Corporate Bank, Investment Bank, Private Bank and Asset Management.

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