Chord Energy Corporation (NASDAQ: CHRD) has received a bullish Buy rating from UBS, with a price target of $168, despite its stock currently trading at $126.50 after a 4.43% decline. UBS highlights the company's improving operational efficiency post-Enerplus integration, strong balance sheet, and attractive valuation, suggesting potential for growth in the energy sector. With a trailing P/E ratio of 6.15 and a dividend yield of 8.86%, Chord Energy presents a compelling investment opportunity amidst a challenging market.
11:18 16.10.2024
EFG International has appointed two new executives for its Asia business, enhancing its presence in the region. Buchmann, formerly of Credit Suisse, and Gumashta, with over 30 years in banking focused on India, will leverage their expertise to drive growth. Following the announcement, EFG's share price dipped 1.12% to CHF 11.49 on the SIX.
11:13 16.10.2024
Somagenetix, a Zurich-based biotech company founded in 2019, has raised 10 million Swiss francs in a Series A financing round led by Vi Partners, with participation from Schroders Capital, Zürcher Kantonalbank, and Verve Ventures. The funds will advance their gene therapy SGX-001 for chronic granulomatous disease (CGD) into clinical trials, aiming to provide an alternative to limited stem cell transplants. CEO Andrin Oswald and co-founder Janine Reichenbach emphasize the potential of their innovative lentiviral gene therapy platform to transform treatment for phagocyte-related diseases.
Max Cotting highlights a critical shift in the asset management industry, where regulatory demands and administrative tasks overshadow client relationships. Smaller firms face significant challenges, while larger companies benefit from efficiencies through mergers and partnerships. This consolidation may enhance compliance but risks diminishing the personal touch clients value in independent advisory services.
UBS shares rose 0.3% to CHF 28.06 in early trading, with a daily high of CHF 28.11. The stock, which hit a 52-week high of CHF 28.78 on June 3, 2024, has seen significant fluctuations, dropping to CHF 20.88 on October 27, 2023. Analysts project a dividend of USD 0.823 for 2024 and expect earnings of USD 1.64 per share.
10:58 16.10.2024
UBS has maintained a "Buy" rating for Just Eat Takeaway.com, setting a target price of 1715 Pence following the company's third-quarter results. Analyst Jo Barnet-Lamb noted that performance in Northern Europe and North America fell short of expectations, with growth remaining at the lower end of the company's projected range.
10:56 16.10.2024
UBS has lowered its price target for L'Oreal, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that the analysis is provided "as is" without any warranties, and the opinions expressed do not reflect its views. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
10:36 16.10.2024
A recent study highlights the urgent need for women to save privately for pensions, as they often face lower earnings, career interruptions, and longer life expectancies. Using the example of a 50-year-old woman named "Jane," the research underscores that many women must set aside significant savings to maintain their standard of living in retirement. Investing, despite its risks, is recommended over saving alone, as it can yield better financial outcomes.
10:28 16.10.2024
LVMH Moët Hennessy Louis Vuitton SE, the global leader in luxury goods, generates sales primarily from fashion and leather goods (48.9%), followed by watches and jewelry (12.7%), perfumes and cosmetics (9.6%), and wines and spirits (7.7%). The company operates 6,097 stores worldwide, with significant sales contributions from Asia (30.8%) and the United States (25.3%).
10:20 16.10.2024
UBS has lowered its price target for LVMH to €629 from €660, maintaining a Neutral rating after disappointing Q3 2024 sales figures. The group's organic sales growth fell by 3%, significantly underperforming consensus estimates, leading to a reduction in EPS forecasts for 2024-2026 by 3-4%. Total Q3 sales reached €19,076 million, 5% below consensus expectations.
10:20 16.10.2024
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