(Bloomberg) -- Bank Hapoalim Ltd. and Bank Leumi Le-
Israel Ltd., Israel's two largest banks, had their share ratings
lowered to ``hold'' from ``buy'' at Deutsche Bank AG, citing
prospects for slowing income growth.
Shares of Hapoalim, Israel's No. 1 lender, will probably
trade at 23.3 shekels in the next 12 months, down from a previous
forecast of 26.6 shekels, Dan Harverd, an analyst at Deutsche
Bank in Tel Aviv, said in an e-mailed report today. Harverd
reiterated his 18-shekel share-price estimate for Bank Leumi.
Read more at Bloomberg Stocks News
Israel Ltd., Israel's two largest banks, had their share ratings
lowered to ``hold'' from ``buy'' at Deutsche Bank AG, citing
prospects for slowing income growth.
Shares of Hapoalim, Israel's No. 1 lender, will probably
trade at 23.3 shekels in the next 12 months, down from a previous
forecast of 26.6 shekels, Dan Harverd, an analyst at Deutsche
Bank in Tel Aviv, said in an e-mailed report today. Harverd
reiterated his 18-shekel share-price estimate for Bank Leumi.
Read more at Bloomberg Stocks News
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