Deutsche Bank initiates coverage of Africa-Israel Properties

Deutsche Bank has initiated coverage of Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY) subsidiary Africa-Israel Properties Ltd. (TASE: AFPR) with a "Buy" recommendation, which the bank admits "is going against the grain", and a target price of NIS 280, nearly double Sunday's closing price of NIS 148.70.