Barclays has reaffirmed its 'weight in line' recommendation on Deutsche Bank, while raising its target price from 13.5 to 14 euros, in a joint note on the German financial institution and its Swiss peer UBS, ahead of their quarterly results.

The broker updates its estimates to take account of the most recent first-quarter data in the investment banking sector. For Deutsche Bank, costs are likely to remain a key point of discussion", he stresses.

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