UBS has downgraded Mercedes-Benz to "neutral" with a target price of €55, citing challenges in its core business and a tough outlook for 2025, including a projected 10-12% decline in earnings per share. In contrast, BMW has been upgraded to "buy" with a new target of €83, supported by strong cash returns and a favorable position regarding CO2 regulations, despite potential risks in the Chinese market.
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UBS has upgraded BMW's stock from Neutral to Buy, raising the price target to €83.00, citing strong financial stability and anticipated cash returns to shareholders. The firm expects a stable automotive EBIT margin of 6.5% and predicts a yield of around 15% through dividends and buybacks, positioning BMW as a top pick in the European automotive sector.
Trane Technologies plc (TT) is set to present at the UBS Global Industrials and Transportation Conference on December 3, 2024, starting at 8:50 AM ET. The live webcast can be accessed through their investor relations website.
Gestamp Automoción S.A. shares fell over 5% after downgrades from Barclays and UBS, citing concerns over free cash flow and subdued production levels in Western Europe, which constitutes 35-40% of sales. UBS lowered its price target to €2, while Barclays adjusted its target to €3.0, highlighting ongoing challenges in North America and the impact of rising capital expenditures amid a declining vehicle production outlook in Europe.
The global medical waste management market encompasses various waste generators, including hospitals, diagnostic laboratories, and pharmaceutical manufacturers, producing hazardous and non-hazardous waste. Key service types include collection, treatment, and disposal methods such as incineration and recycling. Major players in the industry include Stericycle, Veolia Environment, and Clean Harbours, reflecting a diverse landscape of companies addressing the critical need for effective waste management solutions.
Bristol Myers Squibb has filed a lawsuit against the federal government over a rejected plan to implement a 340B rebate model for drug discounts to hospitals, claiming the decision by HHS was unlawful. The company argues that its model would enhance compliance and transparency while addressing issues of abuse within the program. BMS intends to start this model with its Eliquis product in spring 2025, despite HHS's disapproval citing statutory inconsistencies.
UBS has maintained a "Buy" rating on Stellantis with a target price of 16 euros, despite uncertainties surrounding leadership changes. Analyst Patrick Hummel suggests that the automotive group's investment potential could gain traction, positioning it as a compelling option for a turnaround in 2025.
Priya Pandey, a skilled PR writer with a background in biotechnology, excels in content creation across various industries, including healthcare and technology. Coherent Market Insights offers comprehensive market intelligence and consulting services, focusing on actionable insights and reliable reports in sectors like aerospace, automotive, and food and beverages. The latest report analyzes the Healthcare Cyber Security Market, highlighting key players, market trends, and growth opportunities from 2024 to 2031.
Trafigura's legal attempt to dismiss evidence from star witness Mariano Marcondes Ferraz in a Swiss bribery trial was rejected by judges in Bellinzona. The case marks a historic moment as it is the first time a commodity trading company faces corruption charges in Switzerland, with allegations of over €5mn paid to an Angolan official for oil shipment rights. The trial will proceed, with the credibility of Ferraz's testimony assessed on its merits, despite arguments regarding a potential illegal plea bargain and the death of Trafigura's former CEO, Claude Dauphin.