UBS has reaffirmed its 'buy' recommendation on ABN Amro while lowering its price target from 19.5 to 18.1 euros, indicating a potential upside of 17% for the stock. The revision comes ahead of the third-quarter results, reflecting adjustments in EPS forecasts for 2025 and beyond due to lower interest rates, increased costs, and recent AT1 issues.
10:16 17.10.2024
Pernod Ricard, the leading global producer of premium spirits and wines, reported net sales distribution with 61.8% from strategic international brands, including Absolut and Jameson. Local brands account for 18.2%, craft spirits 7.3%, and strategic wines 3.6%. Geographically, sales are split between Europe (28.3%), Americas (28.8%), and other regions (42.9%), with 94 production sites worldwide as of June 2024.
10:15 17.10.2024
UBS has maintained a 'Neutral' rating for Pernod Ricard, setting a target price of 138 euros. Analyst Sanjeet Aujla noted that the decline in sales, excluding acquisitions, was more significant than anticipated, largely due to weakness in the Asian market.
10:15 17.10.2024
UBS has rated Pernod Ricard as 'Neutral' with a target price of 138 euros. The company leads in premium and prestige spirits and wines, with net sales primarily from international brands (61.8%), local brands (18.2%), craft spirits (7.3%), and strategic wines (3.6%). Geographically, sales are distributed across Europe (28.3%), America (28.8%), and other regions (42.9%), supported by 94 production sites worldwide.
10:15 17.10.2024
UBS has reaffirmed its 'buy' recommendation on ABN Amro while lowering its price target from €19.5 to €18.1, indicating a potential upside of 17% for the stock. The broker anticipates double-digit EPS revisions for 2025 and beyond, influenced by lower interest rates, increased costs, and recent AT1 issues.
10:13 17.10.2024
On October 15, major semiconductor stocks faced a significant selloff, with ASML plunging over 16% after disappointing guidance, marking its worst day since the pandemic. Other notable declines included KLAC down 15% and LRCX and AMAT both falling 11%. Despite this, leading semiconductors like NVDA, TSM, and AVGO held relatively steady, resulting in only a 5% drop in major semiconductor ETFs, while broader indices experienced losses between 0.7% and 1.4%.
The Nikkei 225 is under pressure after falling from a three-month high of 40,286, with support at 38,670 and 38,650. The Dow Jones Industrial Average is on an upward trajectory, aiming for a new record high of 43,176, while the NASDAQ 100 has rebounded from a low of 19,611, reaching a three-month high of 20,499.
IG
10:00 17.10.2024
GITEX GLOBAL's DIGI_HEALTH 5.0 in Dubai showcased transformative digital health innovations, including AI-driven solutions and smart contact lenses, highlighting the UAE's commitment to advancing its digital health ecosystem. Industry leaders discussed AI's role in enhancing patient care, with significant advancements in robotics, genomics, and remote monitoring technologies. The event also announced plans for a future expo-summit in Thailand, aimed at addressing the growing demands of the digital health industry in Asia.
VPBank has partnered with CleverTap to enhance customer engagement and deliver hyper-personalized banking experiences in Vietnam. By leveraging CleverTap’s AI/ML capabilities, VPBank aims to improve customer retention and drive conversions through targeted campaigns and a seamless onboarding process. This collaboration positions VPBank to set new standards in the competitive banking landscape.
09:49 17.10.2024
IG Group Holdings plc's stock recently surpassed its 200-day moving average, trading at GBX 945.50 ($12.35). Analysts have set new price targets, with Royal Bank of Canada raising its target to GBX 1,100 ($14.36) and maintaining an "outperform" rating. The company also announced a dividend of GBX 32.64 ($0.43), reflecting a yield of 3.86%.
09:48 17.10.2024
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