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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, a leading German airline, offers global passenger and cargo transport services through its various segments, including passenger airlines, logistics, maintenance, and catering. Its passenger airlines encompass Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings, while the logistics segment features specialized services like airfreight container management and urgent shipments. Additionally, Lufthansa Technik Group provides maintenance, repair, and overhaul services, and the catering segment covers in-flight retail and food trading activities.
Deutsche Lufthansa AG, based in Germany, operates globally in air transport services, encompassing Passenger Airlines, Logistics, Maintenance & Repair (MRO), and Catering. Its Passenger Airlines segment includes well-known brands like Lufthansa, SWISS, and Austrian Airlines, while the Logistics segment features specialized services such as airfreight container management and urgent shipments. The MRO segment, represented by Lufthansa Technik Group, offers comprehensive maintenance services, and the Catering segment covers in-flight retailing and food services.
UBS has maintained a '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. As of December 11, Lufthansa's stock was trading at approximately 6.52 euros, reflecting a decline of 1.33%.
Lufthansa is close to finalizing a deal to acquire a 41% stake in Italy's ITA Airways, having resolved pricing issues with the Italian government. The agreement faced a setback last week when Lufthansa sought a reduction from the €325 million price due to a decline in ITA's value since their initial 2023 agreement.
UBS shares showed minimal fluctuations, trading at CHF 28.80 on Thursday morning, with a day's high of CHF 29.05 and a low of CHF 28.77. The stock is currently 34.64% above its 52-week low of CHF 21.39, with a dividend forecast of USD 0.822 for the year. UBS reported a profit of CHF 0.39 per share for Q3 2024, down from CHF 8.42 in the previous year, while turnover increased to CHF 18.86 billion.
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