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Humana CFO Susan Diamond will step down on January 11, 2024, after an 18-year tenure, including over three years as CFO. She will be succeeded by Celeste Mellet, who previously held CFO roles at Global Infrastructure Partners and Fannie Mae. Diamond will assist in the transition until the end of 2025.
UBS analyst Patrick Hummel has shifted his preference from Mercedes-Benz to BMW, citing improved cash flow and attractive yield prospects for BMW, which saw a 1.5% rise in share price. In contrast, Mercedes-Benz shares fell 1.2% following a downgrade by Barclays, which expressed concerns over the impact of electric vehicle investments and regulatory risks. Despite a recent recovery, both BMW and Mercedes-Benz remain significant underperformers in the DAX for 2024.
Capitolis has secured $20 million in strategic investments from Citi, Morgan Stanley, State Street, and UBS, with each bank contributing $5 million. This funding will support the growth of Capitolis’ Capital Marketplace and Portfolio Optimization businesses, enhancing its role as a key partner in the financial industry. CEO Gil Mandelzis highlighted the company's commitment to making financial markets safer and stronger through close collaboration with leading banks.
Investment banks are projected to lose up to $50 billion in annual revenue by 2027, primarily due to competition from private credit and electronic market makers. While they may recover $15 billion by increasing lending to illiquid private markets, this raises concerns about the risks associated with shadow banking, as highlighted by the Bank of England's recent stability report.
Experts have revised India's GDP growth forecast for FY25 downward, citing a slowdown in consumption, weak government capital expenditure, and industrial growth. Morgan Stanley now projects a growth rate of 6.3%, while Bank of America estimates it at 6.5%. Despite agriculture performing better than expected, industrial growth has significantly declined, with services showing more resilience.
Coterra Energy Inc. (NYSE: CTRA) has a "Moderate Buy" rating with a consensus target price of $32.47. The company reported Q3 earnings of $0.32 per share, missing estimates, but revenue increased to $1.36 billion. Coterra recently declared a quarterly dividend of $0.21 per share, yielding 3.14%.
UBS has lowered its price target for Sunrun from $18 to $14, indicating a 21.21% upside potential at the current market price, while maintaining a neutral outlook due to concerns over growth. Other firms like Morgan Stanley and Wells Fargo have also cut their targets, but Goldman Sachs continues to endorse a “buy” recommendation at $20. Despite the challenges in the solar energy sector, some analysts remain optimistic about Sunrun's long-term prospects.
UBS has lowered its price target for Sunrun from $18 to $14, indicating a 21.21% upside potential at the current market price, while maintaining a neutral outlook due to concerns over growth. Other firms like Morgan Stanley and Wells Fargo have also cut their targets, but Goldman Sachs remains bullish with a $20 target. Sunrun's stock currently holds a "Hold" rating, with predictions ranging from $7.78 to $27, amidst a competitive solar energy sector.
Deutsche Bank lowered its price target for Deere & Company from $402 to $389, maintaining a "hold" rating, while Morgan Stanley increased its target from $401 to $450 with an "overweight" rating. The stock has an average rating of "Hold" and a consensus target price of $436.41, with significant institutional investment, including a 5.2% increase in holdings by Zurcher Kantonalbank. Deere's recent earnings report showed $4.55 EPS, surpassing estimates, despite a 32.8% revenue decline year-over-year.
The Insurance Regulatory and Development Authority (IRDAI) is considering capping the share of parent banks in insurers' total bancassurance business to 50%, which could negatively impact private life insurance players. This move aims to address concerns over the concentration of business reliant on bancassurance partnerships. Brokerages, including Morgan Stanley, warn that such a cap may hinder APE growth, with further details awaited from the regulator.
Morgan Stanley
Companies
Humana AB
BlackRock, Inc.
Morgan Stanley
Fannie Mae
Evercore Inc.
USA
Celeste Mellet
Susan Diamond
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21:37 04.12.2024
Euro
United States Dollar
Ferrari N.V.
Barclays PLC
Mercedes-Benz Group AG
Morgan Stanley
Volkswagen AG
Porsche AG
DEU
Patrick Hummel
Henning Cosman
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13:02 03.12.2024
United States Dollar
State Street Corporation
Citi Trends, Inc.
Morgan Stanley
Standard Chartered PLC
J.P. Morgan Fixed Income Opps A EUR Inc
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Tobias Krause
Gil Mandelzis
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06:18 02.12.2024
06:00 02.12.2024
04:08 02.12.2024
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Coterra Energy Inc.
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GBR
CHE
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MEX
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Adam M Velasco
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11:22 30.11.2024
18:44 29.11.2024
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Sunrun Inc.
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USA
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18:35 29.11.2024
Zurcher Kantonalbank Zurich Cantonalbank
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Hsbc Global Res
Mawer Investment Management Ltd.
Morgan Stanley
FMR LLC
Deere & Company
Pathway Financial Advisers LLC
B. Metzler seel. Sohn & Co. Holding AG
USA
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12:00 29.11.2024
04:06 29.11.2024
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