Deutsche Bank keeps BOC target at CYP 5.7

Deutsche Bank is maintaining its buy recommendation on the shares of Bank of Cyprus with an unchanged price target of CYP 5.70 (EUR 9.8855) indicating an upside potential of 10% from current prices.

DB is meanwhile increasing its price target on Piraeus Bank from 26.5 euros to 28 euro, on Eurobank from 30 to 32 euro and on Alpha Bank from 27.6 euros to 30 euros. The price target on Agriculture Bank of Greece is reduced from 4.9 to 4.35 euros with the recommendation reduced to hold from buy while the German powerhouse is maintaining its price target on Ethniki at 43 euros with the unchanged buy recommendation.