Deutsche Bank got downgraded by Bank of America. Meanwhile, SVB upgraded AbbVie.
Here are Friday's biggest calls on Wall Street. Bank of America downgrades Deutsche Bank to underperform from neutral Bank of America said it sees waning profitability for the European banking giant. "We see Deutsche Bank struggling to improve profitability as growth is heavily volume reliant, consuming cost and capital resources." Read more about this call here.
" Freyr is a battery manufacturing company – one of many startup producers in the space but one of only few that has a proven cell chemistry, committed offtake and demonstrated success raising strategic capital." SVB Securities upgrades AbbVie to market perform from underperform SVB said in its upgrade of the stock that earnings pre share guidance is encouraging.
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