Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise.
The company operates through three divisions: Corporate and Investment Bank (CIB), Private Clients and Asset Management (PCAM) and Corporate Investments (CI) . The CIB division engages in the origination, sale, financing, structuring, and trading of fixed income, equity, equity-linked, convertible bond, foreign exchange, and commodities products. The PCAM segment provides portfolio/fund management products, including active fund management, passive/quantitative fund management, alternative investments, and discretionary portfolio management solutions in Germany and other continental European countries.In the after-hours session, Deutsche Bank has initiated coverage on numerous Financial-related stocks.
With a Buy rating:
Chubb (NYSE: CB) with a $57 ...
UPGRADES:
Bank of America upgrades Allstate (NYSE: ALL) from Neutral to Buy and raises their price target form $32 to $33.
Bank of America upgrades Cree, Inc. (Nasdaq: CREE) from Underperform to Neutral. Price target increased from $23 to $35.
Bank of America upgrades Liberty Media Interactive (Nasdaq: LINTA) from Underperform ...
UPGRADES:
Goldman Sachs upgrades Teradyne (NYSE: TER) from Neutral to Buy.
Goldman Sachs upgrades Terra Industries (NYSE: TRA) from Neutral to Buy.
Deutsche Bank upgrades AstraZeneca (NYSE: AZN) to Buy. Click here for the full report.
Wachovia upgrades Boston Scientific (NYSE: BSX) to Outperform ...
All About Redemptions
In looking at Wednesday’s thrashing, there appear to be so many reasons and so little time this morning – so, let’s get right to it. The Dow plunged another 514 points yesterday and in the process, scared the bajeebers out of just about everyone that still happens to own any stock at all. After briefly flirting with some performance anxiety this week during the market’s upside adventure, all of a sudden any exposure to stocks feels wrong again. And with the S&P breaking down to a fresh new low, albeit by just a hair, fear made a triumphant return to the corner of Broad and Wall yesterday.
The good news is that the credit markets continue to, as they are now saying on Wall Street, “thaw.” In short, this means that rates for short-term funding (such as commercial paper) have become a little more reasonable again, which ...
Same Story, Different Day (Again)
Here's a link to listen to an Audio Version of the report:
Stocks experienced a case of déjà vu yesterday as traders seemed to have locked on to the trend of buying what has been bad and selling what had been good. In English, this means that anything in the energy and materials complex had another rough go while anyone rummaging around in last month’s 52-week low list was again rewarded handsomely. And this, of course, led to another round of green screens on the major indices.
The energy arena wound up on the defensive again yesterday as August crude futures fell another -$3.98 to close at the bargain basement price of $125.44. This was the lowest close since June 4th and was caused by two factors. First, Hurricane Dolly took a turn for the best and managed to narrowly miss the installations in the Gulf ...
