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Barclays has upgraded Ferrari's stock rating to Overweight, identifying a strategic entry point for investors despite a new 25% tariff on imported cars to the U.S. The automaker remains confident in its full-year guidance and plans to raise prices by up to 10% on some models.With six new model launches anticipated this year, shares rose 2.1% in premarket trading after a 3.2% gain on Thursday, reflecting a positive outlook amid challenges in the European auto industry.
The Berkeley Group Holdings PLC has reported a shift in major holdings, with Barclays PLC adjusting its voting rights position, which has now fallen below the minimum threshold. This change may affect shareholder dynamics and future strategic decisions for the company. Berkeley specializes in residential and mixed-use developments, primarily in London and the South East of England.
Goldman Sachs has appointed Steve Critchlow as head of client onboarding in EMEA, transitioning from Barclays where he was global head of client onboarding. This role, while seemingly mundane, is vital for improving client service efficiency, especially as Goldman aims to expand its client base from 100 to 150 top clients. Critchlow's practical approach is expected to address onboarding challenges that have previously affected other banks.
Analysts at Barclays have observed a significant divergence in Big Tech's valuation metrics, particularly between the next twelve months' price-to-earnings (P/E) ratio and free cash flow (FCF) yield, driven by rising capital expenditures in cloud infrastructure since mid-2018. This shift has resulted in a lower FCF yield, even as P/E ratios decline amid a selloff in Big Tech stocks, with forecasted capex for fiscal year 2025 increasing by over 25% for some hyperscalers. The future performance of Big Tech hinges on the return on investment from their AI initiatives, which could either propel growth or lead to a valuation reset if expectations are not met.
Access to the page has been denied, indicating a potential issue with viewing the content. The mention of a "tariff-resistant Ferrari" suggests a focus on the luxury car brand's resilience against tariffs, alongside an upgrade at Barclays. Further details remain inaccessible.
Barclays PLC will hold its 2025 Annual General Meeting (AGM) on May 7, 2025, at the QEII Centre in London. The meeting will discuss proposed amendments to the Barclays Long Term Incentive Plan, with relevant documents available for inspection. Updates will be provided on the company’s website and the London Stock Exchange.
U.S. President Donald Trump's upcoming tariff announcements are raising concerns about the global growth outlook, although analysts at Barclays believe the risks are largely priced into the market. The tariffs, targeting 15-25 countries, are set to take effect immediately, with negotiations expected to follow, prolonging uncertainty regarding their final scope and timing. Trump plans to impose duties on all automotive imports not made in the U.S., potentially excluding Mexico and Canada, which are integral to North American car manufacturing.
Barclays has upgraded Ferrari, identifying a favorable entry point for investors following a recent decline in the stock's value. This move reflects confidence in the brand's potential for recovery and growth in the market.
Barclays raised its price target for The Goldman Sachs Group from $713 to $760, maintaining an "overweight" rating, while Citigroup lowered its target from $585 to $550 with a "neutral" rating. Insider trading saw Treasurer Carey Halio sell 1,545 shares, reducing ownership by 15.87%, and Alex S. Golten sell 5,208 shares, decreasing ownership by 59.50%. The company reported strong quarterly earnings, exceeding estimates, and announced a quarterly dividend of $3.00 per share, reflecting a 2.09% yield.
Goldman Sachs has reiterated its Buy rating on Kinder Morgan, setting a $31 price target as the stock trades at $28.23. The firm anticipates a strong first-quarter EBITDA of $2,183 million, driven by higher gas prices and new projects, despite some challenges in the Terminals segment. Recent analyst upgrades and a positive outlook from S&P Global further highlight Kinder Morgan's growth potential in the natural gas sector.
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