Deutsche cuts Commerzbank to sell

LONDON (MarketWatch) — Deutsche Bank downgraded Commerzbank to sell from hold after its acquisition of Dresdner Bank, a deal it called strategically attractive but financially “not compelling.” “Commerzbank
shareholders are left with a sizeable execution risk and should only expect EPS accretion from 2012 onwards, not enough for us to encourage investments,” the broker said.
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Original post by Forextvblog

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