Deutsche Bank has raised its price target for Raiffeisen Bank International (RBI) from €40 to €46 per share, citing improved results from the Austrian lender.
Despite the higher valuation ceiling, the bank's research division has maintained its "Hold" recommendation on the stock, signaling that the current share price remains fairly valued relative to the new target.
The adjustment reflects Deutsche Bank's reassessment of RBI's recent financial performance.
While the bank sees upside potential in the long-term valuation, the decision to keep the rating at Hold suggests that immediate buying momentum is not yet warranted for investors.
This nuanced stance highlights a divergence between fundamental improvement and short-term trading signals.
The move comes as European banks face shifting sentiment across the sector.