Deutsche Bank anlayst Stephen Laws initiates coverage of five companies
Laws thinks near-term capital appreciation is unlikely. "Given the REIT requirements, dividends are a significant portion of returns to shareholders," Laws said. "In the near term, we believe capital appreciation will be minimal." Longer term, he expects stocks to perform better when interest rate spreads stabilize and the yield curve steepens.
Deutsche Bank was recently ranked the top bulge-bracket firm for equities research by an Investars survey of asset managers, research directors, analysts, individual investors and financial institutions. The rankings measured one-year performance of Deutsche Bank's stock picks vs. the S&P 500.
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