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UBS has downgraded Air France-KLM to "Neutral" from "Buy," lowering the price target to €11.45 due to challenges including €160 million in expenses from the Paris Olympics and operational issues at KLM. Despite a strong fourth quarter limiting the full-year operating profit decline to €0.1 billion, the airline's current valuation reflects these difficulties. Additionally, Air France-KLM has proposed a €300 million takeover of Air Europa, assuming its €475 million debt, while also expressing interest in TAP Portugal, contingent on favorable terms.
Raiffeisen Bank International is anticipating a short-term correction, as indicated in recent stock analysis. Other companies, including Kion Group and Lufthansa, are also experiencing significant market movements, with predictions of corrections and potential growth scenarios. Notably, Adobe shares have seen a collapse, raising concerns about future trends.
UBS has rated LUFTHANSA AG as a 'Buy', but the information provided is for informational purposes only and does not constitute a recommendation to buy or sell. Investing in securities carries risks, including the potential total loss of capital. No liability for the accuracy or completeness of the information is assumed.
San Francisco-based software company Ditto has raised $82 million in its Series B funding round, increasing its valuation to $462 million. The round was led by Top Tier Capital Partners and Acrew Capital, with participation from several other investors. Founded in 2018, Ditto specializes in data synchronization between edge devices and the cloud, with major clients including Delta Air Lines, Japan Airlines, and Lufthansa. The company plans to use the new funding to expand its team, scale core products, and forge partnerships with cloud database providers.
UBS shares showed minimal movement, trading at CHF 32.09 with a daily high of CHF 32.38 and a low of CHF 32.09. The stock remains stable within the SMI, with a 52-week high of CHF 32.38 and a low of CHF 22.53. Analysts anticipate a dividend of USD 0.809 for 2024 and expect earnings of USD 1.68 per share.
Switzerland faces challenges as families receive eviction notices amid rising real estate speculation, raising concerns about social stability. While the economy shows some resilience compared to the EU, major Swiss companies like Roche and Nestlé struggle with poor management decisions, impacting investor confidence. The promise of a prosperous decade seems overshadowed by the realities faced by many employees and smaller investors.
UBS shares fell 3.8% to CHF 26.76 at midday, with a trading volume of 3,604,988 shares. The stock reached a 52-week high of CHF 29.57 on October 30, 2024, and a low of CHF 22.53 on August 5, 2024. Analysts project a dividend of USD 0.819 for 2024 and earnings of USD 1.75 per share.
UBS shares were down 0.9% to CHF 27.91 in afternoon trading, with a total of nearly 3 million shares exchanged. The stock is currently 5.95% below its 52-week high of CHF 29.57 and 23.88% above its low of CHF 22.53. UBS reported earnings per share of CHF 0.39 for Q3 2024, a recovery from CHF -0.21 a year prior, despite a slight revenue decline.
UBS has maintained its "Buy" rating for Lufthansa, setting a target price of 10 euros following a capital market day for Lufthansa Technik. Analyst Jarrod Castle noted strong demand for their services, driven by legal requirements, new engine types, and aging airline fleets.
UBS has maintained a "Buy" rating for Air France-KLM, setting a target price of 12.05 euros. Analyst Jarrod Castle highlights a positive outlook for the airline industry in the coming year, driven by growth in both leisure and business travel, alongside disciplined capacity management that supports higher prices.
Deutsche Lufthansa AG
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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