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

Dow Jones

Sep 18, 2024

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&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. (elena.vardon@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  September 18, 2024 03:11 ET (07:11 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4207","symbol_name":"综合性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2468245373","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2468245373","pubTimestamp":1726643460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"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. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4207":"综合性银行","CRZBY":"Commerzbank AG"},"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. 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) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  September 18, 2024 03:11 ET (07:11 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}