UBS has increased its target price for Nokia from 3.55 to 4.00 euros while maintaining a "Neutral" rating. Analyst Francois-Xavier Bouvignies noted that the company's strong cost management helps offset challenges in the market.
11:28 18.10.2024
UBS has increased its price target for Hannover Re from 238 to 267 euros while maintaining a "Neutral" rating ahead of the third-quarter results. Analyst Will Hardcastle noted that the sector's natural catastrophe budgets were largely depleted, with Hurricane Milton impacting fourth-quarter results, though improvements in tariffs are expected. Munich Re remains Hardcastle's preferred choice among European reinsurers.
11:22 18.10.2024
UBS has reduced its price target for Nestlé from 91 to 83 francs while maintaining a "Neutral" rating. Analyst Guillaume Delmas noted that management is hesitant to confirm its organic growth target of 4 to 6 percent, indicating a shift towards outperforming the market rather than adhering to fixed goals. Challenges in certain sectors, particularly frozen food in the US, may lead to further divestments.
11:20 18.10.2024
UBS has increased its price target for Munich Re from 525 to 565 euros, maintaining a "buy" rating ahead of the third quarter results. Analyst Will Hardcastle highlighted the company as a top pick among European reinsurers, noting that the sector's natural catastrophe budgets are nearly exhausted, with Hurricane Milton's impact expected in the fourth quarter. Improvements in tariff statements are anticipated.
11:20 18.10.2024
UBS AG has downgraded Nestlé's price target from 91 to 83 francs while maintaining a "Neutral" rating, citing management's hesitance to confirm its organic growth target of 4 to 6 percent. Analyst Guillaume Delmas noted challenges in certain sectors, particularly frozen food in the US, which may lead to further divestitures. As of 11:03 am, Nestlé shares fell by 0.4 percent to CHF 85.62, reflecting a 9.3 percent decline since the start of 2024, with a downside risk of 3.06 percent compared to the new target price.
11:19 18.10.2024
UBS has lowered its target price for Nestlé S.A. to 83 francs, maintaining a 'Neutral' rating. Nestlé, the world's largest food group, generates sales across various sectors, including beverages (26.7%), pet food (20.3%), and pharmaceutical products (16.4%), with significant market presence in the USA and Canada (35%).
11:13 18.10.2024
UBS has reduced its price target for Nestle from 91 to 83 francs while maintaining a "Neutral" rating. Analyst Guillaume Delmas noted that management is hesitant to confirm its organic growth target of 4 to 6 percent, indicating a shift towards outperforming the food and beverage market instead of adhering to fixed goals. Ongoing challenges in certain sectors, particularly frozen food in the US, may lead to further divestments to enhance sales growth and margins.
11:13 18.10.2024
In September, Swiss rents saw a slight increase, with the overall index rising by 0.2 points to 128.1. The canton of Schwyz experienced the highest monthly rise at 3.1%, while rents fell in Schaffhausen, Graubünden, and Valais. Year-on-year, Schwyz and Zug led with increases of 11.4% and 11.1%, respectively, while cities like Lucerne and Zurich also reported significant gains.
11:12 18.10.2024
In September, Swiss rents saw a slight increase, with the overall index rising by 0.2 points to 128.1. The canton of Schwyz experienced the highest monthly rise at 3.1%, while year-on-year, rents surged by 3.9%, with Schwyz and Zug leading with increases of 11.4% and 11.1%, respectively. Notably, Basel recorded the strongest city increase at 1.1%, while Lausanne saw a decline of 0.5%.
11:12 18.10.2024
UBS has maintained a "Neutral" rating for ABB, setting a target price of 50 francs. Analyst Andre Kukhnin noted that the company's third quarter performance was solid, highlighting its position amid the growing electrification sector and the cyclical challenges in automation.
11:11 18.10.2024
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