Siemens Ltd. shares fell 10.04% to Rs 6,867.05 after management announced they would not participate in upcoming LCC tech-based HVDC tenders, opting instead for VSC-based projects. The company reported a 25% increase in profit after tax for Q3, driven by higher revenues, despite weak government capital expenditure orders. UBS highlighted rising profitability and new orders in the energy sector, with plans to list the energy division in early 2025, potentially unlocking significant value.
An analyst known as Rekt Capital warns that Bitcoin, currently at $97,158, could face a significant decline if it loses support at this level. Historically, Bitcoin has experienced pullbacks of 29% to 40% during similar phases, particularly in weeks six to eight of its cycles. The analyst emphasizes the importance of monitoring these trends as Bitcoin navigates its current parabolic uptrend.
Hollencrest Capital Management, Addison Advisors LLC, and Grove Bank & Trust significantly increased their stakes in Cintas, with ownership now at 63.46% by institutional investors. Analysts have mixed ratings on the stock, with UBS Group lowering its price target to $218, while Cintas reported a quarterly EPS of $1.09, exceeding expectations. The stock is currently trading at $182.78, with a consensus price target of $197.57.
Hollencrest Capital Management, Addison Advisors LLC, and Grove Bank & Trust significantly increased their stakes in Cintas, with ownership now at 63.46% by institutional investors. Cintas reported a quarterly EPS of $1.09, surpassing estimates, and analysts have mixed ratings, with a consensus price target of $197.57. UBS Group recently lowered its price target to $218.00, indicating a potential upside from the stock's previous close.
In the third quarter, several institutional investors increased their stakes in FMC Corporation, with Inspire Trust Co. N.A. owning 60,200 shares valued at $3,970,000, and Advisors Asset Management Inc. raising its stake by 27.8%. The company reported a quarterly EPS of $0.69, surpassing estimates, and its stock currently holds a "Hold" rating among analysts, with a consensus price target of $65.69. Recently, UBS Group lowered its price target from $75.00 to $66.00, suggesting a potential upside of 33.66%.
In the third quarter, several institutional investors increased their stakes in FMC Corporation, with Inspire Trust Co. N.A. owning 60,200 shares valued at $3.97 million, and Advisors Asset Management Inc. raising its stake by 27.8%. The company reported a quarterly EPS of $0.69, surpassing estimates, and its stock currently holds a "Hold" rating among analysts, with a consensus price target of $65.69. Recently, UBS Group lowered its price target from $75 to $66, suggesting a potential upside of 33.66%.
Strategic Financial Concepts LLC and Ecofi Investissements SA recently acquired stakes in NIKE, valued at approximately $48,000 and $49,000, respectively, with institutional investors holding 64.25% of the stock. Analysts have lowered NIKE's target prices, with UBS Group reducing it from $80 to $73, indicating a potential downside. Despite a "Moderate Buy" rating, top analysts favor five other stocks over NIKE, which has seen a 1.4% decline in trading.
Strategic Financial Concepts LLC and Ecofi Investissements SA recently acquired new stakes in NIKE, valued at approximately $48,000 and $49,000, respectively, with institutional investors owning 64.25% of the stock. Analysts have lowered NIKE's target prices, with UBS Group reducing it from $80.00 to $73.00, indicating a potential downside. Despite a "Moderate Buy" rating, the company reported a quarterly revenue decline of 7.7% year-over-year, with earnings per share of $0.78, surpassing estimates.
VTEX (NYSE:VTEX) has received a price target reduction from UBS Group, now set at $11.00, indicating a potential upside of 89.66%. The stock currently holds a "Moderate Buy" rating, with a consensus target price of $9.62, despite a recent trading dip to $5.80. Institutional investors have been active, with significant new stakes acquired in the third quarter.
VTEX (NYSE:VTEX) saw its price target reduced from $12.50 to $11.00 by UBS Group, maintaining a "buy" rating, suggesting an 89.66% upside potential. Citigroup initiated coverage with a "neutral" rating and a $6.70 target. The stock is currently trading at $5.80, with a consensus rating of "Moderate Buy" and a target price of $9.62.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings