BofA upgraded Commerzbank to Neutral from Underperform with a price target of EUR 11.50, up from EUR 10.30. The company’s new capital distribution policy should see annual distributions increasing significantly from 2024, rising towards an all-in yield near 20% by 2026, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CRZBY: