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ubs maintains neutral stance on kering amid tariff concerns
UBS has maintained a "Neutral" rating on Kering, noting that European luxury goods manufacturers are likely to pass on new US tariff costs to consumers through price increases. Analyst Zuzanna Pusz warns that the risk from declining consumer sentiment is significant, with customs duties potentially reducing operating results by an average of 7%. Kering, along with Moncler, Hermes, Prada, LVMH, and Richemont, is expected to face the least impact, while Salvatore Ferragamo, Swatch, and Burberry may be more affected.
ubs maintains buy rating on richemont amid tariff concerns
UBS has maintained a "Buy" rating on Richemont, noting that European luxury goods manufacturers are likely to pass on new US tariff costs to consumers through price increases. Analyst Zuzanna Pusz highlights that the risk from declining consumer sentiment is more significant, with customs duties potentially reducing operating results by an average of 7%. The impact is expected to be lowest for brands like Richemont, LVMH, and Hermes, while Salvatore Ferragamo, Swatch, and Burberry face the highest risks.
Swiss stock market drops 2 percent amid US tariff concerns
The Swiss stock market fell by 2.09% amid escalating trade tensions following U.S. tariffs, with the SMI index dropping to 12,324.76 points. The technology sector was particularly hard hit, with Logitech down 12%, while UBS in the financial sector also faced a 5% decline. Defensive stocks like Nestlé and Novartis provided some support, but overall losses were significant.
watches and wonders show opens amid concerns over luxury market slowdown
The Watches & Wonders show in Geneva, featuring 60 brands including Bulgari, Rolex, and Cartier, faces uncertainty amid weak sales and stock market volatility linked to U.S. politics. While Swiss watch exports fell 2.8% in 2024, high-end segments showed resilience, with analysts predicting a mixed outlook for the industry.
us markets decline amid tariff fears and geopolitical tensions as gold surges
US markets are under pressure as fears of a trade war escalate with President Trump's impending tariffs affecting all countries. The Dow Jones and Nasdaq 100 indices have seen significant declines, while gold prices soar amid geopolitical tensions. Vaccine stocks also suffered, with Moderna and Biontech experiencing sharp losses.
UBS AG has upgraded its price target for Richemont shares from 180 to 184 francs, maintaining a "Buy" rating ahead of the company's quarterly results. Despite a challenging industry environment, the jewelry segment is expected to outperform competitors. Currently, Richemont shares are trading at CHF 158.80, reflecting a potential upside of 15.87% based on the new target.
ubs maintains buy rating on richemont with increased price target
UBS has reiterated its 'buy' recommendation for Richemont, raising the price target from 180 to 184 Swiss francs, indicating a 15% upside potential. The luxury group's strong operating performance and improved governance are expected to enhance market share, with a promising fourth quarter ahead.
ubs upgrades richemont rating to buy with revised guidance
UBS has maintained a "Buy" rating on Richemont and has raised its guidance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis, which is provided for informational purposes only and carries no contractual value. The institution adheres to strict conflict of interest management policies to ensure objectivity in its investment recommendations.
market fluctuations amid cautious outlook and geopolitical tensions
Amadeus Fire's cautious outlook impacted cyclically sensitive stocks, with Givaudan, Sika, and Holcim among the notable decliners. The US stock market saw declines, particularly in Nike and FedEx, amid economic concerns and a major futures expiry day. Oil prices remained stable, with Brent slightly down and WTI up, as geopolitical tensions continue to influence the market.
swiss stock market remains positive after snb interest rate cut
The Swiss stock market remained positive following the Swiss National Bank's decision to cut its key interest rate by 25 basis points to 0.25%. Analysts expect this to be the last cut for the year, with inflation forecasts suggesting no need for further reductions. The SMI index rose by 0.11%, led by Nestlé, while Swissquote shares fell by 7.7% despite reporting a strong fiscal performance.
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