Swisscom downgraded to Sell from Hold at Deutsche Bank

Deutsche Bank analyst Robert Grindle downgraded Swisscom to Sell from Hold with a price target of CHF 465, down from CHF 510. "Quality is worth paying for," but post Swisscom’s recent outperformance versus peers, the stock’s risk versus reward balance warrants a downgrade to Sell, Grindle tells investors in a research note.