AlphaValue/Baader Europe on Tuesday downgraded German lender Deutsche Bank (DBK.F) to add from buy and decreased its price target to 36.40 euros from 39.20 euros.
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Panmure Liberum on Tuesday increased mining company Anglo American's (AAL.L) price target to 34 pounds sterling from 30 pounds, while affirming its hold rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
MWB Research on Tuesday downgraded German online food delivery company Delivery Hero (DHER.F, DHER.VI) to hold from buy and increased its price target to 33.00 euros from 28.00 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Gibson Energy Inc. (GEI.TO) was upgraded to Buy from Hold at TD Securities on Tuesday.Analyst Aaron MacNeil raised his price target on shares of the Calgary-based midstream oilfield service company to $32 from $29."We believe that Gibson's 7% infrastructure growth target is being de-risked by an improving macro backdrop, which we expect will translate into capital-light brownfield opportunities," MacNeil said in a note to clients."While sector valuations are elevated relative to history, Gibson remains toward the lower end of the peer group, trading at a 2027E multiple of 10.3x vs. the peer average of 12.2x," the analyst said."We believe this discount has partially stemmed from a lack of visibility to the growth outlook," MacNeil said. "As such, we see the potential to narrow the gap to its peers as opportunities materialize."