Most PMs with Russian assets wrote down their investments post-Ukraine invasion, while emerging market credit funds like Sandglass Capital thrived, posting a 24% gain in early 2024. Despite challenges, managers emphasize risk management and local insights as keys to consistent performance in volatile markets.
UBS analyst Stephen Ju has raised Lyft's price target to $13 from $12 while maintaining a Neutral rating ahead of Q3 earnings. The revision is driven by a more favorable currency outlook and steady usage trends, with investors anticipating unit growth in the mid-teens following positive commentary from Lyft at a recent conference.
UBS has raised its price target for DoorDash from $143 to $160, reflecting increased confidence in the company's performance. This adjustment highlights the positive outlook for DoorDash in the current market landscape.
UBS launched its "House of Craft" initiative in New York, celebrating craftsmanship in the watchmaking industry amid its integration of Credit Suisse. The three-day event featured discussions with industry leaders and celebrities, aiming to enhance the bank's brand identity and connect with potential clients. The campaign, part of a broader strategy to redefine UBS's image post-acquisition, emphasizes the art of banking as a craft, aligning with the bank's Swiss heritage and commitment to excellence.
UBS shares traded at CHF 28.18, matching the previous day's close, with a daily high of CHF 28.46 and a low of CHF 28.12. The stock is currently 2.13% above its 52-week high of CHF 28.78, while the lowest point in the past year was CHF 20.88. UBS reported a quarterly sales increase of 38.06% to CHF 19.76 billion, with EPS at CHF 0.32, and analysts forecast a dividend of USD 0.823 for 2024.
UBS has raised its price target for Nordea from 143 to 144 Swedish kronor while maintaining a "Buy" rating. The adjustment follows the bank's quarterly figures, which met expectations, and reflects moderately higher medium-term estimates, indicating that the stock remains attractively valued.
UBS has increased its price target for Nordea Bank Abp from 143 to 144 Swedish kronor while maintaining a "Buy" rating. The adjustment follows the bank's quarterly performance, which met expectations, and reflects moderately higher medium-term estimates, indicating the stock remains attractively valued.
UBS Private Wealth Management has expanded its Miami team by hiring John Hardin as a financial adviser and Katelyn O'Hara as a senior wealth strategy associate. Both professionals bring extensive experience from JPMorgan and Goldman Sachs, focusing on ultra-high net worth clients. They will join the Integra Partners team, which manages approximately $7.2 billion in client assets.
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% in 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.
The American Swiss Foundation hosted its Fall Luncheon at the New York Stock Exchange, featuring a fireside chat with Sergio P. Ermotti, CEO of UBS Group AG, and Robert J. Giuffra, Jr. The discussion highlighted the strong economic ties between Switzerland and the U.S., emphasizing collaboration for mutual prosperity. The event gathered nearly 200 guests, including business leaders and elected officials, showcasing the importance of Swiss-American relations.