UBS has maintained its "Buy" rating for Fresenius, setting a target price of 34 euros. Despite the underperformance of European medical technology shares this year, analyst Graham Doyle expresses skepticism about the sector, noting that his sales and earnings forecasts for 2025 fall below consensus for 10 of the 17 stocks he covers.
11:10 26.11.2024
Czech billionaire Michal Strnad has received approval to acquire Vista Outdoor Inc.'s ammunition unit for $2.2 billion, enhancing his arms business's global presence. Shareholders voted to sell the Kinetic Group, which includes brands like Remington and Federal, with the deal expected to close on November 27.
Francois Villeroy de Galhau, the governor of France's central bank, emphasized the need for clarity in the government's financial repair plans as budget uncertainties linger. He highlighted that both investors and French citizens expect confidence in strategies to reduce deficits and manage public debt.
A recent survey reveals a growing disconnect between IT staff and senior management regarding technology spending, with 54% of IT professionals feeling underfunded. As companies plan to increase IT budgets by 9% in 2025, concerns about cybersecurity and talent gaps persist, particularly among younger workers. Notably, 54% of organizations intend to boost investments in generative AI technologies, reflecting a significant shift in tech priorities.
Several Federal Reserve officials are considering a more measured approach to interest rate cuts next year, influenced by the uncertainties surrounding a potential Republican takeover, rising productivity, and slower inflation improvements. The minutes from the Federal Open Market Committee's Nov. 6-7 meeting, to be released at 2 p.m. in Washington, are expected to shed light on policymakers' thoughts regarding the pace and extent of potential borrowing cost reductions.
Chris Giancarlo, former CFTC chairman and known as "Crypto Dad," is a leading candidate for the Trump administration's potential "crypto czar" position. His tenure included the launch of bitcoin futures and advocacy for blockchain technology, positioning him to create a regulatory framework for stablecoins and support U.S. crypto innovation. Giancarlo is also involved with the Digital Dollar Project and serves as an ambassador for the prestigious CfC St. Moritz conference.
UBS has downgraded veterinary company Vimian to "sell," citing that its share price is currently perfect, with a target price of SEK 35. The firm notes that Vimian trades at a 70% premium to its sector, indicating the market expects near-perfect execution, which leaves little room for error. Additionally, UBS highlights risks in the company's momentum despite its recent double-digit organic growth.
10:59 26.11.2024
UBS has downgraded its recommendation for veterinary company Vimian to "sell," citing that the stock is priced to perfection with a target price of SEK 35. The firm notes Vimian is trading at a 70% premium to its sector, indicating the market expects flawless execution, which may not be sustainable given the company's recent performance and growth risks.
10:59 26.11.2024
The ProShares UltraShort Bitcoin ETF (SBIT) experienced its highest daily inflow since its April launch, attracting $18.8 million as investors bet against Bitcoin amid concerns that the recent rally, spurred by Donald Trump's election, may be overdone. Additionally, the ProShares Short Bitcoin ETF (BITI) saw approximately $23 million in inflows over the past two trading sessions, marking one of the year's highest totals.
Fresenius SE & Co KGaA specializes in the design, manufacture, and marketing of drugs, equipment, and medical devices for clinical and home hospitalization. Its sales are primarily divided between hospital administration and engineering (64.3%) and perfusion and clinical nutrition (35.7%). Geographically, the company generates 72.4% of its sales in Europe, followed by North America (12.3%), Asia-Pacific (7.3%), Latin America (6.4%), and Africa (1.6%).
10:56 26.11.2024
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