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Morgan Stanley reduced its price target for The Goldman Sachs Group from $782 to $659, maintaining an "overweight" rating, while Citigroup lowered its target from $585 to $550 with a "neutral" rating. JPMorgan Chase raised its target from $605 to $625, and Barclays increased its target from $713 to $760, also with an "overweight" rating. Insider trading revealed Treasurer Carey Halio sold 1,545 shares, while Director Kevin R. Johnson purchased 2,400 shares, reflecting mixed insider sentiment. Currently, the stock holds an average rating of "Hold" with a target price of $593.27.
Barclays PLC, a leading British banking group, operates in commercial banking, financing, investment, and market banking, and credit card issuance. By the end of 2024, it managed GBP 547.5 billion in deposits and GBP 337.9 billion in credits, with income primarily from the UK (52%) and the Americas (32.7%).
Royal Bank of Canada upgraded Wells Fargo & Company to an "outperform" rating with a target price of $80, while Goldman Sachs raised its target from $72 to $82, maintaining a "buy" rating. Currently, the stock holds a "Moderate Buy" average rating with a consensus target price of $74.18, supported by ten hold and eleven buy ratings from analysts. Recently, Artisan Partners acquired over 1.6 million shares, reflecting strong institutional interest, as the company reported earnings of $1.43 per share, exceeding estimates.
Barclays has upgraded Ferrari to "overweight" from "equal weight," citing the company's strong guidance and resilience amid 25% US tariffs on foreign car imports. The analysts view the recent 20% share price correction as a buying opportunity, with Ferrari's planned price increases expected to mitigate margin impacts and demonstrate pricing power. Projections indicate growth in sales, gross profit, EBITDA, and EBIT through 2027, reinforcing Ferrari's position as a safe-haven in the automotive sector.
Barclays PLC has announced the purchase and cancellation of 2,015,000 ordinary shares as part of its buy-back program initiated in February 2025, with shares acquired at an average price of 302.5239p. This initiative aims to optimize the company's capital structure and enhance shareholder value. Following this transaction, Barclays' total issued share capital is now 14,336,289,214 ordinary shares.
Barclays has upgraded Ferrari's stock rating from Equalweight to Overweight, setting a target price of EUR 485 following a 20% price correction. The company reaffirmed its ambitious 2025 financial goals despite potential risks from new U.S. tariffs, which may lead to price increases of up to 10% on certain models. Analysts remain divided, with Bernstein maintaining an Outperform rating at $575, while Citi expresses concerns with a Sell rating at EUR 360.
Markets are currently underpricing risks associated with announced tariffs, particularly as April 2nd approaches, which could see reciprocal tariffs. The U.S. dollar is expected to strengthen against cyclical currencies, while U.S. equities face a net short bias amid a projected growth slowdown.In contrast, China's market shows resilience, driven by fiscal stimulus and a focus on technology spending, despite ongoing structural challenges. The Hang Seng index has outperformed the S&P 500, reflecting positive sentiment and potential earnings growth, although consumption and property sectors remain critical for sustained recovery.
UBS Global Wealth Management has revised its 2025 S&P 500 target down to 6,400 from 6,600, citing concerns over U.S. tariffs impacting economic growth and corporate profits. The firm also lowered its earnings estimate for S&P 500 companies to $265 per share, despite maintaining a positive outlook on U.S. stocks. Analysts have a Moderate Buy consensus on the SPDR S&P 500 ETF Trust (SPY), with a price target suggesting a 23.9% upside potential.
HSBC has dismissed a group of investment bankers in London and Hong Kong on the day they were to receive their bonuses, citing a shift in focus towards Asia and the Middle East. The affected employees, primarily at vice president level or above, were reportedly surprised as they expected to receive bonuses tied to their performance. This move follows a similar strategy by Barclays to minimize large payouts, amidst HSBC's ongoing cost-cutting plan aimed at saving $1.5 billion annually by 2026.
Several municipal employees have left Barclays as the market faces a challenging March, characterized by heavy supply, low redemptions, rate volatility, tax-related selling, and fund outflows. Strategists Mikhail Foux and Grace Cen highlight these factors contributing to the volatility.
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