UBS Global Wealth Management has upgraded its view on U.S. equities to attractive, driven by the increasing adoption of artificial intelligence and supportive domestic and global factors, including China's recent stimulus measures. The S&P 500 has surged 22% this year, achieving 46 record-high closes, indicating further potential gains ahead.
17:35 18.10.2024
CVS Health CEO Karen Lynch is stepping down after nearly four years amid shareholder pressure and a significant drop in stock value, which has fallen nearly 26% this year. David Joyner, a company veteran, will succeed her as the company navigates challenges including multiple profit forecast cuts and rising medical costs.
UBS upgraded Datadog to Buy, citing improved IT spending and strong cloud infrastructure prospects. Analysts project a 26% revenue growth for 2025, above the consensus of 23%, and noted Datadog's evolving pricing strategy. The firm raised its price target from $125 to $150, reflecting a valuation of 12.3x 2026 revenue estimates.
17:09 18.10.2024
UBS upgraded Datadog to Buy from Neutral, citing improved IT spending and strong cloud infrastructure prospects. The firm projects Datadog's revenue growth could reach 26% by 2025, above the consensus of 23%, and raised its price target from $125 to $150, reflecting a valuation of 12.3x 2026 revenue estimates. Despite mixed feedback on third-quarter results, Datadog is seen as a share gainer in the observability space, with a positive outlook for cloud usage stocks.
17:09 18.10.2024
Truist Financial Corporation, a financial holding company, operates primarily in banking and financial services. By the end of 2020, it had a network of 2,781 branches across the U.S., with current deposits totaling USD 363.3 billion and current loans amounting to USD 314.5 billion. UBS has reiterated its buy recommendation for the company.
17:02 18.10.2024
China's GDP grew by 4.8% in the first three quarters of the year, surpassing expectations, though it still requires a push to reach the 5% target. UBS's Thomas Fang expressed optimism following recent policy measures aimed at stimulating the economy, anticipating potential growth above 5% for 2024.
17:02 18.10.2024
Suncor Energy Inc., a Canadian integrated energy company, operates in segments including oil sands, exploration and production, and refining and marketing. It engages in oil sands development, offshore oil and gas extraction, and operates Petro-Canada's extensive retail network, which features over 1,800 locations and a commitment to low-carbon fuels. The company is also advancing towards a low-emission future through investments in renewable energy and owns the Fort Hills project in Alberta.
17:02 18.10.2024
ManpowerGroup Inc. is a workforce solutions provider offering a range of staffing services, including recruitment, training, and human resources consulting. Its portfolio features permanent, temporary, and contract staffing across various sectors, delivered under the Manpower and Experis brands. The Talent Solutions brand focuses on customized staffing strategies, leveraging data-driven capabilities to meet global workforce needs through services like Recruitment Process Outsourcing and Managed Service Provider solutions.
17:01 18.10.2024
Global-E Online Ltd., an Israel-based software manufacturer, specializes in cross-border e-commerce through its Global-e platform. The company offers end-to-end solutions that enhance international sales for retailers and brands by leveraging localization, big data, and logistics. With seven global offices, it is a key partner for businesses in the U.S., Europe, and Asia.
17:01 18.10.2024
Kontoor Brands, Inc. is a global lifestyle apparel company that designs, manufactures, sources, sells, and licenses clothing, footwear, and accessories, primarily under the Wrangler and Lee brands. The Wrangler segment features various sub-brands and collections, while Lee offers a range of jeans, pants, shirts, shorts, and jackets for all ages. Additionally, the company includes a segment for other brands and private label clothing, distributing through U.S. wholesale, non-U.S. wholesale, and direct-to-consumer channels.
17:01 18.10.2024

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