Thursday, October 30, 2008

Lowered Outlook

Deutsche Bank (nyse: DB - news - people ) analyst Darin Arita also lowered his yearly outlook to $4.45 per share from $5.40 per share, and said in a note to clients, "The life insurance business is suffering from capital strain."

Arita slashed his price target by $18 to $36, but maintained a "Buy" rating on the company's shares.

Posted by Mahyar Hashemi, at 8:01 PM