The crypto market experienced a significant downturn, shedding $182 billion in a single day as Bitcoin fell 6.2% to $92,446.38, moving further from the $100,000 mark. Other major cryptocurrencies also declined, with Ether down 4.2% and Solana's token dropping 8.9%. Despite this drop, Bitcoin has surged over 30% since the U.S. presidential election on November 5, fueled by optimism surrounding Donald Trump's pro-crypto policies and the anticipated resignation of SEC Chair Gary Gensler on January 20, coinciding with Trump's inauguration.
UBS has reiterated its Buy recommendation for Soitec while lowering its target price to €146 from €171, indicating a potential upside of 72%. The firm confirmed fiscal 2025 targets, expecting stable sales compared to 2023-2024 and an EBITDA margin of around 35%. However, capital expenditure forecasts have been slightly reduced to €230 million from €250 million.
11:52 26.11.2024
Chinese automakers are poised to strengthen their presence in Europe as discussions on electric vehicle tariffs progress, with a potential agreement involving a price undertaking to prevent undercutting. Meanwhile, global automakers face challenges in both Europe and China, with significant layoffs and a looming price war as competition intensifies. UBS analysts suggest that foreign carmakers should pivot towards affluent consumers and leverage China's advancements in technology and R&D to remain competitive.
11:51 26.11.2024
Raiffeisenbank Region Schärding is set to expand its Executive Board in early 2025 with the appointment of Wolfgang Mayr, an experienced banker from within the organization. Mayr, who has a 20-year career in corporate customer service and has led the Competence Center for Corporate Customers since 2017, will join current Directors Matthias Breidt and Karin Wallerstorfer-Rögl. Chairman Josef Kinzl expressed confidence in Mayr's qualifications to guide the bank towards a successful future, emphasizing the commitment to serving the regional community sustainably.
11:51 26.11.2024
The USDA anticipates a significant increase in global sugar trade, projecting exports to reach 66.69 million tons in the 2024/25 marketing year, second only to the record set in 2021/22. While Brazil's exports are expected to decline, Thailand's are forecasted to double, and India's exports will continue to decrease. Global sugar production is predicted to rise to 186.6 million tons, but consumption will only increase modestly, leading to a reduction in global sugar stocks.
11:49 26.11.2024
UBS has lowered its target price for Soitec, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA acting solely as a distribution channel and maintaining a conflict of interest management policy to ensure objectivity.
UBS has reiterated its Buy recommendation for Soitec while lowering its price target to €146 from €171, indicating a potential upside of 72%. The firm confirmed fiscal 2025 targets, expecting stable sales and an EBITDA margin of around 35%, while slightly reducing capital expenditure forecasts to €230 million from €250 million.
11:48 26.11.2024
Pepkor Holdings Ltd., Africa’s largest clothing retailer, has seen its stock rise to a three-year high following a dividend announcement that surpassed analysts' expectations and plans for up to 300 new stores. In South Africa, improving consumer disposable income, reduced food inflation, and fewer power outages are boosting growth and confidence, while the company has managed to maintain better stock levels despite port delays.
UBS has downgraded JetBlue Airways to a Sell rating, setting a price target of $5.00, citing concerns over capacity constraints and high inflation impacting revenue growth. The airline faces challenges, including increased competition on key routes and operational issues, leading to projected negative operating margins for 2025. Other firms, like Goldman Sachs and Citi, echo these concerns while highlighting the need for JetBlue to improve its financial stability and cash flow.
11:44 26.11.2024
The healthcare claims management market is projected to reach USD 21.1 billion by 2032, driven by technological advancements and a shift towards patient-centric models. Key trends include automation, AI-powered fraud detection, real-time updates, and mobile submissions, enhancing efficiency and patient satisfaction. Post-pandemic, the importance of claims management has surged, with significant enrollment in Medicare and ongoing efforts to reduce fraud and improve service quality.
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