Deutsche Bank Upgrades ThyssenKrupp, 50% Upside

Deutsche Bank raised ThyssenKrupp AG rating to “buy” from “hold,” lifting price target to €14.50 from €11.
Closing price of €9.61 implies roughly 50% upside to the new target, with a blue‑sky scenario above 100% upside.
Analyst cites share lag, geopolitics, operational woes, and Jindal steel deal risk, but expects catalysts from EU trade protection and restructuring.
Deutsche Bank warns of volatility but believes the risk‑reward balance now favors investors.