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Tuesday, November 10, 2009
RBS Upped To Buy At Deutsche Bank
By Steve Goldstein
MarketWatch Pulse
LONDON -- Royal Bank of Scotland was upped to buy from hold at Deutsche Bank, with the bank's price target upped to 50 pence from 45 pence. "Though the burden of proof around earnings and capital remains with management, we believe the tide is shifting towards a more positive stance from RBS on this front, with better capital run-off and cost cutting targets possible with results in February 2010," the broker said.
Copyright © 2009 MarketWatch, Inc.
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