Goldman raises target for Deutsche Bank to 1950 euros Buy MarketScreener

NEW YORK (dpa-AFX Broker) – U.S. investment bank Goldman Sachs raised its price target for Deutsche Bank to 19.50 euros from 19.40 euros and kept its rating at “buy.” Analyst Chris Hallam referred in a study available on Wednesday to the above-average losses in the share price since the beginning of March and justified them with the problems in the banking industry and concerns about a leapfrogging of the Credit Suisse problems. At the same time, he remains confident. He updated his estimates, working into his valuation model higher overall retail banking revenues and, given rising interest rates, a higher…