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Deutsche Bank reverses its tech-stock rating after three weeks

Deutsche Bank upgraded tech from neutral to overweight, citing positioning, performance and the perception of earnings growth.

2 Sources, 4h ago,

Tech stocks have made big V-shaped rebounds five times in 30 months — and now Deutsche Bank forecasts another bounce

TLDR

Three weeks after cutting tech to neutral, the bank says the sector now offers a favorable risk-reward balance and forecasts another rebound. Its strategists say investor positioning is consistent with much slower earnings growth than tech is achieving. Tech stocks have had five big V-shaped rebounds in 30 months.

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2 Sources, first seen 4h ago