UPDATE: Deutsche Bank Downgrades MediaMind to Hold

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Deutsche Bank is out with its report today on MediaMind (NASDAQ: MDMD), downgrading MDMD from Buy to Hold.In a note to clients, Deutsche Bank writes, "We are lowering our investment rating from Buy to Hold following yesterday's announcement that MediaMind has agreed to be purchased by DG FastChannel for $22 in cash per share. The transaction is expected to close sometime in 3Q 2011."At the time of posting, shares of MDMD were trading at $21.90, down 0.18% from Friday's close.

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