Deutsche Bank Updates 8/8

Deutsche Bank made a number of updates in a research report published today.

Magna International (NYSE: MGA) had its rating reiterated at Hold. At the same time, its price target was reduced from $57 to $55. On Friday, MGA lost 10.92% of its value to end the day at $39.42. Procter & Gamble (NYSE: PG) had its rating reiterated at Buy. At the same time, its price target was reduced from $72 to $70. On Friday, PG added 1.7% to its value to finish the week at $60.59. Its shares lost most of Friday's gains in today's pre-market trading, falling 1.25% to stand around $59.83. Sara Lee (NYSE: SLE) had its rating reiterated at Buy. On Friday, SLE added 1.09% to its value to finish the day at $18.49.

Chimera (NYSE: CIM) had its rating reiterated at Buy. At the same time, its price target was reduced from $5 to $3.75. On Friday, CIM added 0.67% to its value to finish the day at $3.01. Its shares lost most of Friday's gains in today's pre-market trading, falling 0.33% to stand around $3. CreXus (NYSE: CXS) had its rating reiterated at Buy. At the same time, its price target was reduced from $13 to $11.75. On Friday, CXS lost 2.45% of its value to end the week at $9.55. NorthStar Realty Finance (NYSE: NRF) had its rating reiterated at Buy. At the same time, its price target was reduced from $8.25 to $7.25. On Friday, NRF lost 5.01% of its value to end the day at $3.41.

Nektar Therapeutics (NASDAQ: NKTR) had its rating reiterated at Buy. At the same time, its price target was reduced from $14 to $11. On Friday, NKTR lost 0.74% of its value to end the week at $5.35.

Edison International (NYSE: EIX) had its rating reiterated at Buy. At the same time, its price target was reduced from $44 to $43. On Friday, EIX closed the day at $35.05. Westlake Chemical (NYSE: WLK) had its rating reiterated at Hold. At the same time, its price target was reduced from $48 to $52. On Friday, WLK added 1.23% to its value to end the day at $53.27.

Con Edison (NYSE: ED) had its rating reiterated at Hold. On Friday, ED added 2.96% to its value to finish the week at $53.27. PPL Corp. (NYSE: PPL) had its rating reiterated at Hold. On Friday, PPL added 0.12% to its value to finish the day at $26.56.

Brocade Communications (NASDAQ: BRCD) had its rating reiterated at Hold. At the same time, its price target was reduced from $6 to $34. On Friday, BRCD had a disastrous day as its shares slumped 28.02% to finish the week at $3.52. Viacom Inc. (NYSE: VIA.B) had its rating reiterated at Buy. At the same time, its price target was reduced from $5 to $3.75. On Friday, VIA.B added 1.88% to its value to end the day at $44.93.