Bank of America: Although Deutsche Bank has two different visions, the direction of progress is consistent.
Bank of America Global Research Department stated in a report that there is strategic logic behind the two policies of Commerzbank, a German commercial bank. The largest shareholder of this German bank, Italian UniCredit Bank, will launch a takeover bid on May 5 to advance its business plan called "Commerzbank Unlocked". On May 8, this German bank will update its targets based on its independent "Momentum" strategy. The analysts wrote: "Based on solid fundamentals, we believe that Commerzbank's stock is attractive." They added that the stock can provide excellent earnings per share growth, with a return rate exceeding 30% of its market value over the next three years, while its valuation is not high. Bank of America upgraded the stock rating from neutral to buy, with a target price of 42 euros. The stock rose by 1.4% to 34.43 euros.
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