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Shares of EFG International surged over 7% following UBS's upgrade to "buy," driven by improved earnings forecasts and a positive outlook on net new money inflows. Analysts noted EFG's strong asset growth, profitability, and financial flexibility, with a new price target of CHF 14.1 reflecting confidence in upcoming performance.
Shares of EFG International surged over 7% after UBS upgraded the stock to "buy," citing improved earnings forecasts and favorable market conditions. The bank raised EPS estimates by 5% for 2024 and highlighted EFG's strong asset growth, profitability, and financial flexibility, setting a new price target of CHF 14.1. This upgrade reflects heightened optimism in EFG's growth trajectory and potential for increased shareholder returns.
Shares of EFG International surged over 7% following UBS's upgrade to a "buy" rating, driven by improved earnings forecasts and favorable market conditions. Analysts anticipate continued net new money inflows of 4–6%, alongside strong asset growth and profitability metrics. UBS set a price target of CHF 14.1, reflecting confidence in EFG's financial prospects and potential for increased shareholder returns.
EFG International has received an upgrade from UBS, moving from a Neutral to a Buy rating. This change reflects a positive outlook on the company's performance and potential in the market. Investors may want to consider this shift in recommendation when evaluating their portfolios.
SMI is slightly lower ahead of the Fed's interest rate decision, with Nestlé and DocMorris showing weakness, while EFG International and Orascom HD are in demand. Oil prices have stabilized after recent losses, with Brent crude at $73.61 and WTI at $70.51, supported by a significant drop in US inventories, indicating a tightening supply that could drive prices higher.
Recent discussions on social media indicate a predominantly positive sentiment towards EFG shares, which have outperformed their sector peers with a remarkable 52.51% return. Technical analyses show a good rating based on price deviations, while the share is considered undervalued with a P/E ratio significantly lower than the industry average.
EFG International's share has shown remarkable performance, achieving a 52.51% return, significantly outperforming its sector peers. Recent analyses indicate a predominantly positive sentiment on social media, with technical evaluations yielding "good" ratings based on price deviations and P/E ratios. The current trading price is approximately CHF 9.98, reflecting a 0.91% increase in the last 24 hours.
EFG International has partnered with Team Malizia and Boris Herrmann Racing since 2016, focusing on sustainability in finance through green investments and zero-emission asset management. Their initiatives include the Malizia My Ocean Challenge, which engages employees in ocean education, and support for the Malizia Mangrove Park restoration in the Philippines. EFG also offers unique sailing experiences for guests, promoting environmental awareness and community involvement.
EFG anticipates resilient global economic growth of 3.2% in 2025, despite challenges such as international trade tensions, structural weaknesses in China, and high government deficits. The BRICS nations are expected to drive 50% of global GDP growth, while a shift towards job creation will emerge as inflation stabilizes. Additionally, advancements in generative AI and a potential nuclear renaissance may reshape energy demands, presenting significant investment opportunities, particularly in the consumer discretionary sector and emerging markets.
EFG Harris Allday has appointed Edward James as its new managing director, pending regulatory approval, succeeding Richard Killingbeck, who is stepping down after five years. James, who previously held senior roles at FNZ and other firms, will focus on expanding the business in the Midlands. The firm recently achieved CISI Chartered Firm™ status.
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