UBS has reduced its target price 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 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.
10:25 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 management's hesitance to confirm an organic growth target of 4 to 6 percent, indicating a shift towards outperforming the market rather than adhering to fixed goals. Ongoing challenges in certain sectors, particularly frozen food in the US, may lead to further divestments.
10:25 18.10.2024
UBS's acquisition of Credit Suisse has raised concerns about its dominance in the Swiss banking market, prompting discussions among regulatory authorities, including the Price Supervisor and the Competition Commission. Complaints from the public and businesses regarding potential negative impacts on competition were addressed, although no formal agreements were reached. The authorities emphasized the need for ongoing communication, particularly regarding credit interest rates, while deciding to postpone a proposed Memorandum of Understanding.
10:18 18.10.2024
UBS has raised its target price for Nokia from €3.55 to €4 while maintaining a 'neutral' rating, following the company's third-quarter results. Despite concerns over slow recovery and structural issues, strong margin resilience and a focus on data centers present growth potential.
10:11 18.10.2024
UBS has raised its target price for Nokia from €3.55 to €4 while maintaining a 'neutral' rating, following the company's third-quarter results. Despite concerns over slow recovery and structural issues, strong margin resilience and a focus on data centers present growth potential.
10:11 18.10.2024
UBS has raised its target price for Nokia from €3.55 to €4 while maintaining a 'neutral' rating, following the company's third-quarter results. Despite concerns over slow recovery and structural issues, the broker highlights strong margin resilience and a focus on data centers as potential growth drivers.
10:07 18.10.2024
A year ago, an investment of CHF 10,000 in Banque Cantonale du Jura SA shares would have yielded 203,252 shares, now valued at CHF 11,483.74, reflecting a 14.84% increase. The share price rose from CHF 49.20 to CHF 56.50, with the company's market value at CHF 169.26 million.
10:02 18.10.2024
Belen Garijo, leading Merck KGaA, is focusing on oncology and immunology despite a 30% drop in stock since its 2021 peak. The company, with roots dating back to the 17th century, has three business units and is enhancing investments in China while bolstering local supply chains.
The upcoming U.S. elections could significantly impact commodity markets, with a potential Kamala Harris victory likely boosting demand for industrial metals and renewable energy materials due to increased infrastructure spending. Conversely, a Trump re-election may favor fossil fuels through deregulation and support for domestic production, affecting agricultural exports and trade relations. Both scenarios will influence the U.S. dollar, indirectly impacting commodity prices.
IG
10:00 18.10.2024
UBS has raised its target price for Nordea Bank Abp to SEK 144, maintaining a Buy rating. The bank operates across four core segments: retail banking (38.9% of revenues), corporate banking (29.2%), institutional and corporate banking (20.2%), and asset and wealth management (11.7%). Revenue is primarily generated from Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and other regions (3.8%).
09:59 18.10.2024
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