Deutsche Bank raised estimates and price targets on
Notably, DB’s U.S. economist Joe LaVorgna recently raised his real GDP growth forecasts to 3 percent in 2017 and 3.3 percent in 2018.
The brokerage also upgraded Goldman Sachs Group Inc
Lead analyst Matt O'Connor noted that the bank stocks seem to be pricing in higher rates, but not a stronger economy. The BKX has gained about 15 percent since the election versus a 3 percent rise in the S&P 500.
“We sense that leverage to higher rates is mostly reflected in stock prices, but that higher lending and fee volumes from a stronger economy may not be,” O'Connor wrote in a note.
DB's Changes For The Sector
Following are the hike in price target changes for large cap financial institutions in the United States:
- Goldman Sachs: $255 from $180.
|Nov 2016||Keefe Bruyette & Woods||Upgrades||Market Perform||Outperform|
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