The initiation of coverage by Deutsche Bank with a Hold rating typically suggests a neutral outlook on the stock, indicating that the stock is fairly valued at its current price. The price target of $21 provides a benchmark for investors but does not imply significant upside or downside, hence the neutral score. The relevance is high as the coverage directly pertains to SAGE. The importance is significant as analyst ratings can impact investor sentiment and stock price, but it is not at the highest level as the rating is neutral rather than a Buy or Sell. The confidence in this analysis is high due to the direct correlation between analyst coverage and stock performance, although market conditions and other factors could also affect the stock price.