ABB Ltd is a leading global designer and manufacturer of industrial capital goods, with a product breakdown of 67.2% in electrical transmission and distribution, 30.6% in automation systems, and 2.2% in other categories. Geographically, sales are distributed as follows: Europe (35.9%), the United States (25.6%), China (13.9%), Asia-Middle East-Africa (15.8%), and the Americas (8.8%).
13:29 17.10.2024
UBS has maintained a 'Neutral' rating for ABB, setting a target price of 50 francs, following a report highlighting the company's solid performance, particularly a 19% margin driven by strong advancements in electrification. ABB, a leader in industrial equipment, generates the majority of its sales from electricity transmission and distribution products.
13:29 17.10.2024
UBS has maintained a "Neutral" rating for British American Tobacco (BAT) with a target price of 2800 pence following the recent Capital Markets Day. Analyst Faham Baig noted that BAT has reaffirmed its medium-term financial targets, showcasing progress and confidence in its ability to deliver.
13:28 17.10.2024
UBS has reiterated a positive stock rating for Nordea Bank Abp, which operates across four main business areas: personal banking (38.9% of income), business banking (29.2%), institutional banking and large enterprises (20.2%), and asset and wealth management (11.7%). Geographically, the bank's income distribution is as follows: Finland (24.9%), Sweden (27.3%), Denmark (26.5%), Norway (17.5%), and other regions (3.8%).
13:28 17.10.2024
UBS has upgraded its rating for Nordea to "Buy," setting a target price of 143 euros. Analyst Johan Ekblom noted that the bank's third-quarter performance met expectations and highlighted the resumption of its share buyback program.
13:28 17.10.2024
UBS analyst Randy Abrams has raised the price target for Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM) to NT$1,300.00. This adjustment reflects the company's strong market position and growth potential.
13:27 17.10.2024
UBS has raised its price target for Walgreens Boots Alliance to $10 from $9, maintaining a Neutral rating after discussions with management. CEO Tim Wentworth expressed optimism following positive stock reactions and results, though a recovery in adjusted EPS and free cash flow is expected to take one to two years. The potential sale of VillageMD and/or Summit/CityMD could accelerate this turnaround.
13:24 17.10.2024
Lombard Odier Investment Managers has appointed Christèle Clémence as Senior Sales for Strategic Accounts to enhance its wholesale distribution platform. Based in Zurich, she will focus on expanding business with strategic intermediaries in German-speaking Switzerland, targeting global financial institutions and family offices. Clémence brings extensive experience from her previous roles at Lord Abbett, Robeco, UBS, and Bank Syz.
Sanofi is investing 300 million euros for a 16% stake in a new joint venture with Orano Med to develop radiopharmaceuticals targeting rare cancers, particularly using the radioisotope lead-212. This partnership aims to leverage expertise in biopharma and nuclear technology to advance cancer treatment. The joint venture is valued at 1.9 billion euros, following Sanofi's recent licensing of an experimental drug for neuroendocrine tumors.
Elevance Health reported a $1 billion profit in Q3, falling short of expectations due to rising medical costs and a medical loss ratio of 89.5%. Despite a year-over-year profit decline of 21.2%, the company saw revenue growth to $44.7 billion, driven by its health benefits segment, although Medicaid membership dropped by 1.5 million. The firm has adjusted its earnings guidance for the year down to $33 per share.
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