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deutsche bank assigns hold rating to masco with price target of 71

Deutsche Bank has initiated coverage on Masco Corporation with a "Hold" rating and a price target of $71. Masco, a leading manufacturer of home improvement products, generates 62% of its net sales from plumbing equipment and 38% from architectural decoration products, with 80% of sales occurring in North America. The company operates 45 production sites, primarily in North America.

sunrise faces high losses and executive bonuses amid corporate culture concerns

Sunrise, burdened by high debts of CHF 4.6 billion and significant losses totaling CHF 662 million since its merger, continues to award exorbitant bonuses to its management, including CHF 15 million to CEO André Krause linked to the recent IPO. This Americanization of corporate culture raises concerns, especially as the company has cut 600 jobs while three of its seven board members are U.S. citizens. Despite stagnant sales and a mountain of leasing contracts, the company’s balance sheet shows a risky goodwill of CHF 6 billion, indicating potential for severe write-downs.

liberty global sees mixed analyst ratings and significant institutional investment changes

ARGA Investment Management LP increased its stake in Liberty Global, owning 1,010,732 shares valued at $12.9 million after acquiring 423,526 shares. Mirabella Financial Services LLP also raised its holdings by 16.6%, now owning 2,113,665 shares worth $44.6 million. Hedge funds and institutional investors hold 37.20% of the stock, while analysts have given it a "Hold" rating, with a consensus target price of $17.75.

swiss investment banking poised for recovery amid global economic optimism

J.P. Morgan's Swiss Investment Banking head, Reinout Böttcher, expresses cautious optimism for 2025, anticipating a revival in IPOs and capital market transactions following a challenging 2024. Despite subdued sentiment in Europe, he notes a well-filled M&A pipeline and strong performance in the DCM business, highlighting the resilience of Swiss companies in the global market.

Greenlight Capital Reports Loss Amid Strong Market Gains in November

Greenlight Capital experienced a 1.8% loss in November, bringing its year-to-date gain to 9%, as the fund maintained a conservative stance amid rising market valuations. Despite strong performances from major long positions, including Kyndryl Holdings and Liberty Global, the fund's short and macro strategies likely faced significant losses, particularly due to a decline in gold prices.

liberty global expands broadband and mobile services across europe

Liberty Global Ltd. provides converged broadband, video, and mobile communications services across Europe, operating under brands like Telenet, Virgin Media, and VodafoneZiggo. The company boasts over 80 million connections and has a global investment arm, Liberty Growth, with a diverse portfolio in content, technology, and infrastructure sectors. Its mobile services are delivered through various models, including mobile network operations and virtual network operations.
19:01 18.11.2024

liberty global stock downgraded as analysts suggest better investment options

Liberty Global (NASDAQ:LBTYA) has been downgraded by UBS Group from a "buy" to a "neutral" rating, with a new price target of $13, down from $23. Despite this, Benchmark maintains a "buy" rating with a target of $27, while Bank of America and Citigroup have also set targets of $21.30 and $25.00, respectively. The stock opened at $12.22, reflecting a 1.8% decline, with a 52-week range between $10.93 and $21.56.
14:40 18.11.2024
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