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DB

Deutsche Bank

$8.03

0.32 (4.15%)

06:17
07/08/19
07/08
06:17
07/08/19
06:17

Deutsche Bank CFO says job cuts 'painful,' but 'necessary,' CNBC reports

Deutsche Bank CFO James von Moltke says job cuts are "painful for us all," but are a "necessary by-product" of the reorientation of the organization, CNBC's Spriha Srivastava reports. "We are very confident this is the final restructuring for this organization. We're looking forward, frankly, to having that behind us and (to) focus on our core business going forward," von Moltke told CNBC's Annette Weisbach in Frankfurt. Deutsche will cut 18,000 jobs for a global headcount of around 74,000 employees by 2022. Reference Link

DB Deutsche Bank
$8.03

0.32 (4.15%)

08/10/18
08/10/18
DOWNGRADE

Underweight
Morgan Stanley cuts Deutsche Bank to Underweight on limited top-line visibility
As previously reported, Morgan Stanley analyst Magdalena Stoklosa downgraded Deutsche Bank to Underweight from Equal Weight, stating that while she gives management "full credit" for its cost cutting efforts, it is hard to have any visibility on the top line. She assumes 2018-20 revenue CAGR of just 1.5%, which is below the average for Eurozone banks and below managements target of 4%. While recognizing the risk of downgrading Deutsche Bank "at the bottom," Stoklosa sees current conditions as unlikely to be conducive to a near-term re-rating, she tells investors. She has an EUR9 target on the bank's shares.
08/13/18
BOFA
08/13/18
DOWNGRADE
Target $9
BOFA
Underperform
Deutsche Bank downgraded to Underperform from Neutral at BofA/Merrill
BofA/Merrill analyst Andrew Stimpson downgraded Deutsche Bank to Underperform from Neutral saying he expects the earnings downgrade cycle to continue given CIB revenue headwinds.
05/20/19
UBSW
05/20/19
DOWNGRADE
UBSW
Sell
Deutsche Bank downgraded to Sell from Neutral at UBS
UBS downgraded Deutsche Bank to Sell from Neutral and lowered its price target for the shares to EUR 5.70 from EUR 7.80. The bank is facing limited strategic options and its operating conditions are unlikely to improve in the near term amid intense competition, UBS tells investors in a research note.
05/20/19
05/20/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. American Airlines (AAL) downgraded to Underweight from Equal Weight at Morgan Stanley while Delta Air Lines (DAL) was downgraded to Equal Weight from Overweight. 2. Deutsche Bank (DB) downgraded to Sell from Neutral at UBS with the firm saying the bank is facing limited strategic options and its operating conditions are unlikely to improve in the near term amid intense competition. 3. Eaton Vance (EV) double downgraded to Underperform from Buy at BofA/Merrill with analyst Michael Carrier lowering estimates to reflect slower flow trends, a difficult product mix, and potential margin pressures ahead. 4. ProAssurance (PRA) downgraded to Underperform from Market Perform at Keefe Bruyette with analyst Christopher Campbell saying the stock has rallied 9% since the company's "disappointing" Q1 results. 5. Clorox (CLX) downgraded to Hold from Buy at Argus with analyst John Staszak citing the company's revenue deceleration reported in Q3 to "just 2%" as well as its near-term growth outlook cut to 2%-3% from 2%-4%. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

RL

Ralph Lauren

$115.16

2.555 (2.27%)

05:08
07/17/19
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PVH

PVH Corp.

$92.50

2.08 (2.30%)

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PVH

PVH Corp.

$92.50

2.08 (2.30%)

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PVH Corp. rating change  »

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SHLX

Shell Midstream

$21.52

0.32 (1.51%)

05:02
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Shell Midstream rating change  »

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HSY

Hershey

$140.43

2.02 (1.46%)

05:00
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Hershey rating change  »

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  • 25

    Jul

SGEN

Seattle Genetics

$63.12

-0.87 (-1.36%)

04:55
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Seattle Genetics rating change  »

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  • 09

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General news
Breaking General news story  »

Week of 7/12 MBA Mortgage…

KSHB

KushCo Holdings

$0.00

(0.00%)

04:55
07/17/19
07/17
04:55
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04:55
Conference/Events
KushCo Holdings management to meet with Compass Point »

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  • 17

    Jul

TELL

Tellurian

$7.68

-0.1 (-1.29%)

04:55
07/17/19
07/17
04:55
07/17/19
04:55
Conference/Events
Tellurian management to meet with Seaport Global »

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  • 17

    Jul

CRD.B

Crawford & Company

$9.34

-0.13 (-1.37%)

04:55
07/17/19
07/17
04:55
07/17/19
04:55
Conference/Events
Crawford & Company management to meet with William Blair »

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  • 17

    Jul

DOVA

Dova Pharmaceuticals

$16.07

(0.00%)

04:55
07/17/19
07/17
04:55
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04:55
Conference/Events
Dova Pharmaceuticals management to meet with Jefferies »

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  • 17

    Jul

  • 18

    Jul

04:55
07/17/19
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04:55
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04:55
Conference/Events
Credit Suisse energy analysts to hold an analyst/industry conference call »

Analysts provide a 2Q…

PANW

Palo Alto Networks

$219.83

0.41 (0.19%)

, FTNT

Fortinet

$84.79

-0.19 (-0.22%)

04:55
07/17/19
07/17
04:55
07/17/19
04:55
Conference/Events
FBN Securities Tech/Internet analyst to hold a group luncheon »

Analyst Seyrafi holds a…

PANW

Palo Alto Networks

$219.83

0.41 (0.19%)

FTNT

Fortinet

$84.79

-0.19 (-0.22%)

PFPT

Proofpoint

$126.33

0.61 (0.49%)

CHKP

Check Point

$116.24

-1.37 (-1.16%)

SAIL

SailPoint

$20.12

-0.27 (-1.32%)

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 17

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    Nov

OVID

Ovid Therapeutics

$2.39

-0.19 (-7.36%)

04:55
07/17/19
07/17
04:55
07/17/19
04:55
Conference/Events
Ovid Therapeutics management to meet with JMP Securities »

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  • 17

    Jul

CLNE

Clean Energy

$2.75

-0.01 (-0.36%)

04:55
07/17/19
07/17
04:55
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04:55
Conference/Events
Clean Energy management to meet with Craig-Hallum »

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  • 17

    Jul

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  • 08

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VFF

Village Farms

$9.29

-0.125 (-1.33%)

04:55
07/17/19
07/17
04:55
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04:55
Conference/Events
Village Farms management to meet with Roth Capital »

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  • 17

    Jul

CASY

Casey's General Stores

$160.35

0.98 (0.61%)

04:55
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07/17
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Casey's General Stores management to meet with Jefferies »

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  • 17

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CTSO

CytoSorbents

$7.19

0.14 (1.99%)

04:55
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07/17
04:55
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CytoSorbents management to meet with Jefferies »

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  • 17

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Credit Suisse financial analysts to hold an analyst/industry conference call »

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04:55
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CDTX

Cidara Therapeutics

$1.60

-0.01 (-0.62%)

04:55
07/17/19
07/17
04:55
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04:55
Conference/Events
Cidara Therapeutics management to meet with Oppenheimer »

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  • 17

    Jul

GMRE

Global Medical REIT

$10.66

-0.01 (-0.09%)

04:55
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07/17
04:55
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04:55
Conference/Events
Global Medical REIT management to meet with Oppenheimer »

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  • 17

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ULTA

Ulta Beauty

$360.68

4.97 (1.40%)

04:55
07/17/19
07/17
04:55
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04:55
Conference/Events
Ulta Beauty management to meet with Morgan Stanley »

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  • 17

    Jul

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  • 25

    Sep

EPD

Enterprise Products

$30.32

0.005 (0.02%)

04:55
07/17/19
07/17
04:55
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04:55
Conference/Events
UBS energy analyst to hold an analyst/industry conference call »

Energy Analyst Gershuni…

03/08/13
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  • 17

    Jul

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04:55
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General news
Housing Starts Permits to be reported at 08:30 »

June Housing Starts…

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