UBS has maintained its target for adidas, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution adheres to strict conflict of interest management policies to ensure objectivity in its investment recommendations.
13:20 26.11.2024
Best Buy has lowered its full-year sales forecast, anticipating revenue between $41.1 billion and $41.5 billion, down from previous estimates. The retailer reported a 2.9% decline in comparable sales, attributed to weaker demand for appliances and gaming, despite some growth in computing and services. CEO Corie Barry noted that consumer demand is picking up as holiday sales approach, although macroeconomic uncertainties persist.
Customers of Commerzbank AG are increasingly turning to Deutsche Bank amid concerns over a potential takeover by UniCredit SpA. Deutsche Bank has already secured business from some Commerzbank clients and is in discussions that may lead to further client relationships, according to Jan-Philipp Gillmann, head of Corporate Bank Germany & Europe.
The United Arab Emirates is considering a pollution-charging mechanism to enhance its leadership in climate change initiatives. Proposed by Abu Dhabi’s Environment Agency, this system aims to incentivize companies to reduce greenhouse gas emissions, according to Eva Torreblanca, a director in the agency’s policy and planning division.
Dick’s Sporting Goods Inc. has raised its full-year sales outlook following a successful back-to-school season driven by strong demand for sports gear. The retailer anticipates net sales could reach up to $13.3 billion, with comparable store sales expected to rise between 3.6% and 4.2%. Earnings per diluted share are projected to be in the range of $13.65 to $13.95.
Hennessy has halted its plan to ship Cognac in vats to China, a strategy aimed at circumventing tariffs. This decision follows a strike by workers at the LVMH label in France, prompting management to suspend the shipments that were set to occur shortly.
Bernadette Joy, a self-made millionaire and CEO of Crush Your Money Goals, emphasizes the importance of self-advocacy for introverts in building wealth. She shares three key online habits, including regularly updating her LinkedIn profile and creating content to showcase her expertise, which have helped her succeed in her coaching business. Joy's journey includes paying off $300,000 in debt and helping others achieve financial peace through her coaching.
Amgen's experimental obesity drug, MariTide, demonstrated an average weight loss of up to 20% after one year in a mid-stage trial, with no observed plateau. The trial also explored various dosing regimens, including less frequent injections, as the company aims to compete in the growing obesity drug market. Despite promising results, Amgen's shares fell as the outcomes were at the lower end of expectations.
Amgen Inc.'s experimental obesity drug, MariTide, led to a weight loss of up to 20% in a yearlong trial involving 592 obese patients, both with and without diabetes. However, the results disappointed investors who expected greater weight loss, causing a decline in the company's shares. Approximately 11% of participants discontinued treatment due to adverse events.
Best Buy Co. has revised its full-year forecast downward due to weak demand for electronics and appliances, indicating challenges in its turnaround efforts. The retailer now anticipates comparable sales to decline between 2.5% and 3.5%, a shift from its earlier estimate of a 1.5% to 3% decline.
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