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.UPGRADES:
Stifel Nicolaus and Baird upgrade Xyratex (Nasdaq: XRTX) to Buy and Outperform, respectively.
Goldman Sachs upgraded Deere & Co. (NYSE: DE) from Sell to Neutral, maintaining their $42 price target. The firm is citing an improved risk/reward.
JPMorgan upgrades J.C. Penney (NYSE: JCP) from Neutral ...
May Day
Perhaps the prominent feature to Friday’s trading session was the fact that it was May Day. Not to be confused with the distress signals the bears have been sending out lately, the holiday across the pond meant that the vast majority of markets were closed in Europe and Asia, which, in turn, meant that trading was a little thin.
This is not to say that there weren’t items worthy of note or much in the way of intraday volatility. On the contrary; we got another batch of economic data that was better-than expected, some more drama relating to the bank stress tests, a brand new bankruptcy, and the usual array of earnings reports. But through it all, traders appeared a little distracted and it wasn’t until the last five minutes of the session that the outcome was determined.
What was also interesting about Friday’s trading was the fact ...
A number of Wall Street analysts are applauding last night's results from open-source software provider Red Hat Inc. (NYSE: RHT), with one analyst saying the results were "solid" in a tough environment.
Red Hat reported Q3 EPS of $0.24, ex-items, 6 cents better than the analyst estimate of $0.18. Revenue for the quarter was $165.3 million, versus the consensus of $166.40 million. For Q4, Red ...
UPGRADES:
Deutsche Bank upgrades Rio Tinto (NYSE: RTP) to Buy. Price target increased to $52.85 from $42.
Credit Suisse upgrades Telefonica (NYSE: TEF) from Neutral to Outperform.
Deutsche Bank upgrades ...
