HAMBURG (dpa-AFX Broker) - The private bank Berenberg has left its rating for Commerzbank at "Hold" with a target price of 12.50 euros. The bank is making progress towards its targets, wrote analyst Michael Christodoulou in a study published on Friday. However, there was hardly any reason for rising market expectations at the last balance sheet presentation. The bank's profitability is likely to stagnate in the current year and thus remain well below the sector average. Against this backdrop, the stock is appropriately valued so far./tav/la

Publication of the original study: 15.02.2024 / 17:43 / GMT

First dissemination of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study

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