01:10 PM EDT, 07/24/2025 (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 for DBK to USD37 (from USD29). We applied a higher P/B multiple of 0.94x (vs. 0.74x previously) to DBK's Q2 2025 book value per share (BVPS) to reflect the improving fundamental outlook for the company. The applied P/B is at a discount to peer average P/B of 1.1x, justified in our view by DBK's lower consensus forward ROE (8.2% vs. peer average of 10.9%). We keep our EPS forecasts of EUR2.70 for 2025 and EUR3.10 for 2026. The bank reported EUR1.485 bln in net income for the quarter, reversing a EUR143 mln loss a year ago and beating consensus (EUR1.2 bln). Despite the strong profit rebound, we maintain our 3-STARS (Hold) recommendation on DBK as we remain cautious on earnings durability amid legacy cost pressures and uneven momentum in investment banking. In addition, further clarity on legacy resolution and execution in advisory recovery is needed to warrant a more constructive rating shift, in our opinion.