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Moderna's respiratory vaccines include those for COVID-19, influenza, and respiratory syncytial virus, among others. Analysts have recently lowered the company's stock price targets, with JPMorgan reducing it from $40 to $33, reflecting a generally cautious outlook, as the stock currently holds a "Hold" rating. Institutional investors have increased their stakes, owning over 75% of the company, while the stock trades at $32.31, down 0.4%.
Wellington Management Group LLP increased its stake in Barrick Gold to 64.3 million shares, valued at $996.8 million, while Capital International Investors raised its holdings by 136.1% to 33.3 million shares worth $516.1 million. Mackenzie Financial Corp also boosted its investment by 1.9%, owning 15.3 million shares valued at $237.3 million. Hedge funds and institutional investors now hold 62.85% of Barrick Gold, which has received a "buy" rating from UBS Group with a target price of $22.00, indicating a potential upside of 19.21%.
The swift overthrow of Bashar al-Assad's regime in Syria by rebel forces has significant global implications, particularly for Russia and Iran, who are seen as major losers. The U.S., Turkey, and Israel emerge as key beneficiaries, with potential shifts in regional power dynamics and market confidence. Analysts warn of a possible power vacuum in Syria, which could lead to instability, while Turkey's influence may grow if a stable government replaces Assad.
Trump's potential tariffs could benefit the U.K. by sparing it from severe trade penalties, unlike the EU and China, due to a tighter trade balance focused on services. Analysts suggest that the U.K. might negotiate concessions or exemptions, raising hopes for a bilateral trade deal, despite skepticism about political will on both sides. The changing political landscape in the U.K. complicates negotiations, particularly regarding food standards and EU relations.
The Swiss stock market opened slightly lower, with UBS and Sandoz in the spotlight following strong quarterly results. The SMI fell by 0.16% to 12,081.41 points, while UBS rose 3.2% and Sandoz gained 2.2%. In contrast, Swatch and Richemont faced declines after negative reports.
The Swiss stock market opened slightly lower, with UBS and Sandoz in the spotlight following strong quarterly results. The SMI fell 0.16% to 12,081.41 points, while UBS rose 3.2% and Sandoz gained 2.2%. In contrast, Swatch and Richemont faced declines after negative reports.
Inflation in Germany has unexpectedly risen to 2.0% in October, driven by higher prices for food and services, prompting concerns about the European Central Bank's (ECB) interest rate cuts. While some experts warn of persistent inflation due to rising wages, others believe this is not indicative of a second wave of inflation. The ECB faces pressure to reconsider its monetary policy as inflation exceeds its 2% target, with predictions of further increases in the coming months.
Berenberg Bank has appointed Simon Steinhoff as Senior Sales Manager for institutional clients in Zurich, focusing on the German-speaking regions of Switzerland and Liechtenstein. With over 13 years of experience, including eight years at Pimco, he will enhance relationships with pension funds, foundations, and insurance companies. Steinhoff holds a Bachelor’s degree in International Business Administration from the University of Twente.
Berenberg Bank
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
moderna faces analyst downgrades as stock price target is reduced
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09:31 30.10.2024
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15:55 29.10.2024
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08:58 15.10.2024
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