Deutsche Bank Maintains Hold on SPX

Deutsche Bank is out with its report today on SPX (NYSE: SPX), maintaining Hold.

In a note to clients, Deutsche Bank writes, "SPX reiterated that 2011 will be a very back-end loaded year, largely on account of Thermal phasing. They have seen no softening relative to plan with the Canaries in the Coal - Hydraulic Tools and Industrial Flow - remaining strong."

Deutsche Bank maintains a $91 PT on SPX.

Shares of SPX closed Wednesday at $74.93, down 0.53% from Tuesday's close.