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ubs maintains neutral rating on kering after disappointing third quarter results

UBS has maintained a Neutral rating on Kering shares after the luxury group's disappointing third-quarter results, with a price target set at 227 euros. The broker highlighted a significant 25% decline in retail sales, particularly for Gucci, and a sharp drop in Ebit outlook, which exceeded pessimistic expectations, likely leading to further stock declines in the current market context.
Zonebourse
Euro Kering SA UBS AG SCI LVMH FRA Show more
TradFi, Market Report
11:20 24.10.2024

ubs maintains neutral rating on kering after disappointing third quarter results

UBS has maintained a Neutral rating on Kering shares, setting a price target of 227 euros, following disappointing third-quarter results. The luxury group's sales declined by 25% in retail, particularly affecting its flagship brand, Gucci, and the Ebit outlook has dropped over 10% below consensus, likely leading to further stock declines.
bourse.fortuneo.fr
Euro Kering SA UBS AG SCI LVMH FRA Show more
TradFi, Market Report
11:19 24.10.2024

ubs maintains neutral stance on kering investment outlook

UBS maintains a Neutral stance on Kering, as reported by BOURSORAMA. The analysis, published on 24/10/2024, is provided for informational purposes only and does not reflect BOURSORAMA's views. The institution adheres to strict conflict of interest management policies to ensure objectivity in its investment recommendations.
Boursorama
European Central Bank Kering SA UBS AG Societe Generale Batiment SA FRA Show more
TradFi, Market Report
11:19 24.10.2024

ubs maintains neutral rating on kering after disappointing third quarter results

UBS has maintained a Neutral rating on Kering shares, setting a price target of 227 euros, following disappointing third-quarter results. The luxury group's sales declined by 25% in retail, particularly affecting its flagship brand, Gucci, and the Ebit outlook has dropped over 10% on consensus, likely leading to further stock declines.
ABC Bourse
Euro Kering SA UBS AG SCI LVMH FRA Show more
TradFi, Market Report
11:19 24.10.2024

money laundering poses significant risks to online gaming and digital economy

Money laundering poses a significant threat to the online gaming and digital economy, as highlighted in a report by the Digital India Foundation. Key recommendations include forming a dedicated task force, creating a whitelist of legal operators, and enhancing public awareness to combat deceptive practices.The Indian Real Money Gaming sector is rapidly growing, projected to reach USD 7.5 billion in revenue within five years, driven by a community of 100 million gamers. However, challenges such as financial integrity, cybersecurity, and a lack of regulation threaten this progress, with the illegal betting market attracting over USD 100 billion annually.
Moneycontrol
United States Dollar Digital India Foundation Apple Inc. IND Arvind Gupta
Finance & Economy, Market Report
11:18 24.10.2024

amber enterprises india targets growth amid mixed financial performance

Amber Enterprises India is experiencing significant growth in its consumer durables and electronics segments, with expectations for continued strong performance in H2FY25. Despite a contraction in gross margins due to a changing revenue mix, operational efficiencies have led to an expansion in EBITDA margins year-on-year. However, the railway mobility business faces challenges, and the company’s return ratios are below the cost of capital, prompting a REDUCE rating with a revised target price of INR 5,625.
Moneycontrol
Indian Rupee Amber Enterprises India Limited IND
Finance & Economy, Market Report
11:17 24.10.2024

IBM's diverse revenue streams and global market distribution analyzed

IBM, a leading computer services company, generates net sales primarily from cognitive solutions and transaction processing software (42.5%), IT services (32.3%), and IT infrastructure sales (23.6%). Geographically, sales are distributed with 40.9% in the United States, 10.3% in the Americas, 29.9% in Europe/Middle East/Africa, and 18.9% in Asia/Pacific. UBS has maintained a Sell rating on the company.
MarketScreener
International Business Machines Corporation USA Show more
TradFi, Market Report
11:16 24.10.2024

saudi oil export revenue falls to lowest level in over three years

Saudi Arabia's oil export revenue has fallen to its lowest level in over three years, reaching $17.4 billion in August, a 6% decrease from the previous month. This decline is attributed to sluggish demand growth impacting crude prices, marking the lowest monthly revenue since June 2021.
bloomberg.com
Saudi Aramco Base Oil Company - Luberef SAU
Finance & Economy, Market Report
11:16 24.10.2024

Wall Street braces for uncertainty as Trump-Harris race tightens

Wall Street is increasingly anxious as the race tightens between Kamala Harris and Donald Trump, with projections suggesting Trump could secure a majority in Congress. This potential shift raises concerns over corporate tax cuts and increased national debt, which could lead to rising inflation and disrupt the Federal Reserve's policies. Consequently, bond yields are climbing, signaling investor unease as the favorable trend in stock prices may be at risk.
IG
United States Dollar S&P Global Inc. Federal Reserve Bank of Boston N.A. USA Joe Biden Donald Trump Kamala Harris Show more
TradFi, Market Report
11:15 24.10.2024

ubs maintains sell rating on tesla amid mixed sales performance

UBS has reaffirmed its Sell rating on Tesla, Inc., which primarily designs, builds, and sells electric vehicles. The company's net sales are largely derived from automotive vehicle sales (81.1%), with additional revenue from services, energy systems, leasing, and automotive credits. As of the end of 2023, Tesla operates seven manufacturing sites across the U.S., China, and Germany, with net sales distributed mainly in the U.S. (46.7%) and China (22.5%).
MarketScreener
United States Dollar UBS AG Tesla, Inc. CHN DEU USA Elon Musk Show more
TradFi, Market Report
11:15 24.10.2024
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