Deutsche Pfandbriefbank stock falls after Kepler downgrades to Reduce By Investing.com
Update: 2025-11-04
Description
Deutsche Pfandbriefbank's stock plummeted after Kepler downgraded it from Hold to Reduce, slashing its price target by €1.30. Kepler's cautious view is due to higher expected funding costs and increased risk expenses, leading to a 5-6% lower profit forecast for the third quarter and beyond. The bank may not pay dividends until 2025, putting it at a disadvantage compared to peers offering bigger yields and steady payouts. As the third quarter results approach, investors await signs of easing funding or risk costs to shift the mood from cautious to optimistic.
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