UBS AG has maintained a "Buy" rating for Merck KGaA, setting a target price of 190 euros following a recent capital market day that reinforced the stock's attractive valuation. Despite a slight decline in share price to EUR 159.75, there remains a growth potential of 18.94%. The company anticipates its Q3 2024 results on November 14, 2024.
11:04 23.10.2024
UBS has lowered its target for L'Oréal to 409 euros, maintaining a 'Neutral' rating. As the world's leading cosmetics group, L'Oréal's sales are primarily driven by skin care (39.9%), make-up (19.7%), and hair care (15.4%), with a diverse brand portfolio across consumer, luxury, active, and professional products. Geographically, net sales are distributed with Europe at 31.6%, North America at 27%, and North Asia at 25.9%, among others.
11:01 23.10.2024
Investors are increasingly purchasing Ukraine’s dollar bonds, betting on a potential Trump victory in the upcoming US election that could hasten the end of the war with Russia. This month, Ukrainian bonds have yielded nearly 6%, with prices approaching 50 cents on the dollar, while economic performance-linked warrants are trading above 70 cents, marking their highest levels since the onset of the invasion in 2022.
Tesla Inc. is increasingly seen as an outlier among major tech companies, with shares down 12% this year while peers have advanced. The company is expected to report a profit decline, marking it as the only member of the Magnificent Seven facing such a downturn, raising investor concerns. Despite this, Tesla remains the most expensive stock in its group relative to profits, complicating its earnings outlook.
UBS has maintained a 'Buy' rating for Merck KGaA, setting a target price of 190 euros. Following the company's capital market day, analyst Matthew Weston expressed confidence in the stock's attractive valuation, reinforcing his positive outlook.
11:00 23.10.2024
UBS has maintained a 'Buy' rating for Merck KGaA, setting a target price of 190 euros following the company's recent capital market day. Analyst Matthew Weston highlighted the stock's attractive valuation, with the average target price among analysts at 186.59 euros, indicating a potential upside of 15.25%.
11:00 23.10.2024
Citi has maintained a 'buy' rating on PB Fintech, setting a target price of Rs 1,925 per share, reflecting an 18% upside potential. The firm cites strong momentum in retail health and protection segments, alongside improving contribution and EBITDA margins, as key growth catalysts. Following the announcement, PB Fintech shares rose over 4%, trading at Rs 1,680.4.
Chancellor Rachel Reeves announced that she has successfully negotiated spending allocations with all UK cabinet members ahead of next week’s budget, despite previous tensions over departmental cuts. In a light-hearted reference, she noted that the tradition of inflating balloons for each department has concluded, as there are now "no balloons left" in the Chief Secretary's office.
UBS has downgraded Boliden AB from Neutral to Sell, setting a price target of SEK 300.00, citing company-specific challenges despite a recent 20% share price increase driven by a market rally in industrial metals. Key concerns include lower ore grades at Aitik and Garpenberg mines, uncertainties surrounding the Kevitsa mine, and reduced Treatment and Refining Charges in smelting operations. UBS warns that the market may not fully recognize the earnings pressures Boliden could face in 2025, suggesting the recent price rally is an opportunity to reconsider a Sell position.
10:52 23.10.2024
Amber Enterprises is experiencing significant growth, with a projected sale of 1.30 crore AC units this year, driven by a prolonged summer and a strong order book. The company reported an 82% increase in consolidated revenue to Rs 1684.70 crore and a net profit of Rs 20.96 crore, marking a turnaround from a loss last year. With plans for new facilities and a joint venture in PCB production, Amber aims to outpace industry growth and capitalize on the expanding market.
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