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Deutsche Bank has reduced its 2025 US light vehicle sales forecast by 500,000 to 15.4 million due to impending tariffs affecting auto supply chains and prices. Analysts predict a short-term sales boost as consumers rush to purchase before price hikes, but a significant decline is expected afterward.In the tech sector, Palantir's shares fell amid concerns over government spending cuts, while Moderna's stock dropped 10% following the resignation of the FDA's vaccine chief, raising questions about vaccine safety. Overall, US stocks faced a slump, particularly in consumer discretionary and tech sectors, as fears of an economic slowdown intensified.
Asian shares plummeted on Monday, with Tokyo's Nikkei 225 dropping over 4% following a significant retreat on Wall Street, driven by fears of worsening inflation and a slowing U.S. economy amid escalating trade tensions. The S&P 500 experienced its worst day in two years, falling 2%, while consumer pessimism about future finances surged, raising concerns about a potential stagflation scenario. As markets brace for upcoming tariff announcements, oil prices and U.S. futures also declined.
BNP Paribas Exane has initiated coverage on Royal Caribbean Cruises with an Outperform rating and a price target of $262, highlighting the company's innovative private island strategy and potential for significant Net Yield growth. The cruise operator has seen an impressive 58.6% return over the past year, with revenue increasing by 18.6% and an EBITDA of $5.7 billion. Despite broader economic challenges affecting travel stocks, analysts remain optimistic, with targets ranging from $185 to $330.
Barclays has cut its 2025 S&P 500 price target to 5,900 from 6,600, citing tariffs and worsening economic data. The bank downgraded its outlook on Consumer Discretionary and Industrials sectors to Negative, while upgrading Financials to Positive due to potential deregulation. Concerns about a recession are rising, with JPMorgan estimating a 40% probability, as major companies report weak demand and consumer confidence falters.
Morgan Stanley upgraded Norwegian Cruise Line Holdings from Underweight to Equalweight, lowering the price target to $22.00 amid a 22% year-to-date stock decline. Despite a strong fourth quarter with EPS of $0.26 and a revenue increase to $9.5 billion, concerns over high leverage persist, with a net debt to EBITDA ratio projected at 5.0 times for 2025. Analysts remain divided, with some maintaining strong buy ratings based on growth potential, while others express caution due to market pressures and economic uncertainties.
UBS has cut Allegiant Travel's stock target to $61 from $93 while maintaining a Neutral rating, citing a downturn in first-quarter trends and consumer weakness. Despite a recent earnings beat, Allegiant revised its capacity growth forecast down to 13% due to softer leisure travel demand. The company is also undergoing executive changes and focusing on debt reduction, with expectations of returning to profitability this year.
UBS has lowered its price target for Alaska Air Group Inc. to $75 from $87 while maintaining a "Buy" rating, citing weaker first-quarter performance and ongoing consumer softness. Despite a -16.42% YTD return, ALK shows potential with a P/E ratio of 16.86 and projected revenue growth of 26% for FY2025. Additionally, Alaska Air reported strong Q4 2024 earnings, with EPS of $0.97, surpassing expectations, and appointed Eric Edge as Vice President of Brand & Marketing to enhance its marketing strategy.
UBS has reduced Allegiant Travel's share price target from $93 to $61 while maintaining a Neutral rating, citing a downturn in airline trends and consumer weakness. Despite a significant drop in share price and a projected 34% decline in earnings per share, Allegiant reported better-than-expected Q4 2024 results, with EPS of $2.10 and revenue of $627.7 million. The company is also adjusting its capacity growth forecast and has announced leadership changes, with ongoing efforts to reduce debt and potentially sell its Sunseeker resort to strengthen its financial position.
After a brief rally, Wall Street strategists believe the stock sell-off has further to go, with the S&P 500 down over 10% in less than a month. Concerns over President Trump's policies, economic growth, and the impact of tariffs on consumer and business spending persist, with strategists cutting year-end targets but still anticipating a rebound later this year. Corporate earnings reports, starting April 11, will provide more clarity on the economic landscape.
Citigroup has lowered its price target on Delta Air Lines to $72 from $80 while maintaining a Buy rating. Delta operates primarily in passenger transport, accounting for 82.6% of net sales, with a fleet of 1,292 aircraft as of the end of 2024. Geographically, 70.6% of net sales come from the United States.
Delta Air Lines, Inc.
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deutsche bank revises us auto sales forecast amid tariff concerns
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17:38 31.03.2025
asian markets plunge as wall street fears escalate over inflation and tariffs
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05:19 31.03.2025
bnp paribas exane sets royal caribbean target at 262 dollars
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14:46 27.03.2025
barclays lowers s p 500 forecast amid economic concerns and tariffs
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12:32 26.03.2025
Morgan Stanley upgrades Norwegian Cruise Line rating but lowers price target
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07:27 21.03.2025
ubs lowers allegiant travel stock target amid consumer demand concerns
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16:39 20.03.2025
ubs lowers alaska air price target to seventy five maintains buy rating
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16:17 20.03.2025
ubs lowers allegiant travel price target amid declining airline trends
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15:46 20.03.2025
Wall Street strategists predict further stock sell-off amid economic uncertainties
11:00 18.03.2025
Citigroup lowers Delta Air Lines price target while maintaining buy rating
10:54 18.03.2025
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