UBS raises Delivery Hero price target to 56 euros maintaining buy rating

UBS has increased its price target for Delivery Hero from 47 to 56 euros, maintaining a "Buy" rating. Analyst Jo Barnet-Lamb highlighted that the potential IPO of Talabat could reveal the group's true value, potentially leading to shareholder distributions. Delivery Hero continues to be a top pick for UBS in the European internet sector.
09:07 15.11.2024

DAX rebounds with 1.4 percent gain after recent losses

The DAX index rebounded by 1.4% to close at 19,264 after hitting a monthly low of 18,839. The upward momentum could push it past the October low of 19,330, with potential resistance at 19,492 and the all-time high of 19,675. Conversely, a drop below 19,118 may test support levels at 19,000 and lower.
09:06 15.11.2024

Delivery Hero shares rise after UBS buy recommendation and price target increase

UBS has upgraded its price target for Delivery Hero from 47 to 56 euros while maintaining a "Buy" rating, leading to a temporary share price increase of 2.24% to 39.69 euros. Analyst Jo Barnet-Lamb highlighted the potential value creation from the upcoming Talabat IPO, which could benefit shareholders. Delivery Hero continues to be a favored stock in the European internet sector.
09:04 15.11.2024

UK finance minister vows to overhaul regulations for economic growth

Finance Minister Rachel Reeves announced plans to overhaul regulations affecting Britain's vital financial sector, which she claims have hindered the City's growth since the global financial crisis. This initiative aims to stimulate British economic development and unlock the industry's potential.

PI Industries faces revenue decline but maintains buy rating with revised target

KR Choksey has maintained a "BUY" rating for PI Industries with a revised target price of INR 4,922, down from INR 5,184. The company's revenue fell short of estimates due to a decline in the domestic segment, while EBITDA was impacted by rising employee and other expenses. Despite these challenges, new product launches and strong demand for recently commercialized products are expected to drive future growth.

swiss economic growth slows amid manufacturing challenges and weak foreign demand

Swiss economic growth has slowed, with the third quarter showing a 0.2% increase in gross domestic product, down from 0.5% in the previous quarter. This decline reflects the impact of a strong franc and weak foreign demand on the export-driven economy, according to the State Secretariat for Economic Affairs. The latest figures align with median estimates from a Bloomberg survey.

Gifi Founder Puts Discount Home Furnishings Chain Up for Sale Amid Crisis

Gifi, the discount home furnishings chain founded by Philippe Ginestet, is up for sale amid financial difficulties affecting over 6,500 employees. While several potential buyers, including Carrefour and the Tunisian Zouari group, have shown interest, employees express concerns over management's lack of transparency regarding the company's future.

Vaccine Stocks Plummet After Trump Nominates Kennedy for Health Position

Moderna and Novavax stocks plummeted after President-elect Trump nominated Robert F. Kennedy Jr. to lead the Department of Health and Human Services, with shares of Moderna falling over 8% and Novavax nearly 2%. This decline follows Trump's remarks about allowing Kennedy to take a bold approach to healthcare, despite Kennedy's controversial stance against vaccines. Both companies have seen over a 20% drop in stock value in the past week.

Happiest Minds Technologies earnings miss estimates but maintain accumulate rating

Happiest Minds Technologies reported Q2FY25 earnings that fell short of estimates, despite a revenue increase of 28.3% YoY to INR 5,216 Mn. While EBIT rose slightly, PAT declined by 15.3% YoY due to higher interest and tax rates. KR Choksey has lowered the target price to INR 803, maintaining an "ACCUMULATE" rating, citing ongoing market expansion opportunities.

Global consumer spending trends show mixed signals across major economies

China's singles' consumer spending festival appears to have bolstered October retail sales, while Japan's consumer spending showed unexpected strength despite negative export data. In contrast, the UK's industrial production figures were weak, and the US consumer is showing signs of recovery, with retail sales reflecting improved living standards amid concerns over future trade taxes.
08:52 15.11.2024
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