Deutsche Bank to Benefit from Higher Rates, Volume, BofA Says in Upgrade

• (PLX AI) - Deutsche Bank stands to benefit from higher interest rates and volume tailwinds, which should support its revenues, analysts at Bank of America said, upgrading the stock to neutral from underperform.
• • Price target raised to EUR 11.50 from EUR 10
• • Better Corporate Bank and Private Bank revenues outweigh higher costs and writedowns due to Russia, BofA said
• • Shares are up nearly 2% in morning trading