It's time to move to the sidelines when it comes to Deutsche Bank , according to Goldman Sachs. Goldman Sachs analyst Chris Hallam downgraded the bank stock to neutral from buy. The analyst said that Deutsche Bank's rally this has made its valuation now look "broadly fair." U.S.-listed shares of Deutsche Bank have surged 116% in 2025, putting them on pace for their best year ever. DB YTD mountain DB YTD chart "Deutsche Bank's share price has re-rated from 6.1x P/E at the end of 2024 to 10.1x P/E currently," Hallam wrote. "This stands slightly ahead of the market cap weighted average for our coverage of 9.5x, whereas DB is set to grow earnings at a broadly similar rate to the coverage average in 2026E and 2027E, with slightly lower profitability." However, the analyst remains largely bullis

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