11:35 AM EDT, 10/29/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price to USD40 from USD37, shifting our valuation to a P/E basis to reflect DBK's pivot to sustainable profitability. Our target price implies a P/E of 10.6x to our 2026 EPS forecast, with the premium to its 5-year historical average forward P/E of 8.0x justified by a de-risked balance sheet, higher quality and more diversified earnings streams, and a clear and credible capital return policy. We raise our EPS forecasts to EUR2.90 for 2025 (EUR2.70) and EUR3.20 (EUR3.10) for 2026. We maintain our Hold rating despite a strong Q3. While a de-risked capital return policy and a rebound in advisory revenues are clear positives, we remain cautious. Persistent credit provision drags in Commercial Real Estate (CRE) weigh on earnings quality, in our view. Furthermore, with the stock's valuation now above its historical average, we believe it is prudent to await further strategic clarity at the upcoming Investor Day on November 17 before becoming more constructive.