Commerzbank's Risks Are Now More Balanced -- Market Talk

Dow Jones

2024/09/18

0711 GMT - Commerzbank's upside and downside risks are more balanced now after UniCredit bought a 9% stake in the German lender, Barclays says in a research note. "With the CBK's upcoming share buyback equal to circa 5% of its market cap between November 2024 and March 2025, we find limited downside risks to the share price," analysts Krishnendra Dubey and Flora Bocahut write. The 24% boost to shares since the strategic stake-purchase announcement should also provide near-term support, they add. Relative to the sector however, Commerzbank's valuation remains less attractive and the equity story still faces risks from potential M&A developments and interest-rate moves. Barclays raises its rating on the stock to equalweight from underweight and lifts its target price to 16 euros from 12 euros. (elena.vardon@wsj.com)

(END) Dow Jones Newswires

September 18, 2024 03:11 ET (07:11 GMT)

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The 24% boost to shares since the strategic stake-purchase announcement should also provide near-term support, they add. Relative to the sector however, Commerzbank's valuation remains less attractive and the equity story still faces risks from potential M&amp;A developments and interest-rate moves. Barclays raises its rating on the stock to equalweight from underweight and lifts its target price to 16 euros from 12 euros. 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The 24% boost to shares since the strategic stake-purchase announcement should also provide near-term support, they add. Relative to the sector however, Commerzbank's valuation remains less attractive and the equity story still faces risks from potential M&A developments and interest-rate moves. Barclays raises its rating on the stock to equalweight from underweight and lifts its target price to 16 euros from 12 euros. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRZBY":"Commerzbank AG","BK4207":"综合性银行"},"translate_title":"德国商业银行的风险现在更加平衡——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRZBY":0.9},"content_text":"0711 GMT - Commerzbank's upside and downside risks are more balanced now after UniCredit bought a 9% stake in the German lender, Barclays says in a research note. \"With the CBK's upcoming share buyback equal to circa 5% of its market cap between November 2024 and March 2025, we find limited downside risks to the share price,\" analysts Krishnendra Dubey and Flora Bocahut write. The 24% boost to shares since the strategic stake-purchase announcement should also provide near-term support, they add. Relative to the sector however, Commerzbank's valuation remains less attractive and the equity story still faces risks from potential M&A developments and interest-rate moves. 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