It came to my attention today that Deutsche Bank has already lowered it’s year-end price target – just three weeks into the New Year.
We expect the next 5%-plus S&P price move to be up and soon,” Bianco wrote. At the same time, the strategist said a review of Deutsche Bank’s S&P target, earnings-per-share and valuation models warranted “only a 50-point cut” to its end-of-year target of 2,200.
I had some great posts about year-end price targets by the big Wall Street firms on the old blog, but hey, it’s a new year so we can start all over with this nonsense.
I wanted to make sure to re-post the original targets before I forget – and before more of these guys start changing their year-end price targets.
I published that table on Jan 1 and as far as I’m concerned, whoever comes closest to the original number wins.