Deutsche Bank "neutral"

01/23/04 - HypoVereinsbank

LONDON, January 23 (New Ratings) – Analyst Andreas Weese of HVB issues a "neutral" rating on Deutsche Bank (DBKGn.DE). The target price is set to €65.

In a research note published this morning, the analyst mentions that the company has confirmed its plans to sell its majority stake in European Transaction Bank (ETB) to Xchanging. The spin-off deal is expected to be signed within the forthcoming six months, the analyst adds.