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ubs maintains neutral rating for safran with target price of 235 euros
UBS has maintained a "Neutral" rating for Safran, setting a target price of 235 euros. Analyst Ian Douglas-Pennant noted that the company's results either met or slightly missed expectations, but highlighted a positive raised outlook that was anticipated later in the year.
ubs maintains neutral rating for safran with target price of 235 euros
UBS has maintained a 'Neutral' rating for Safran, setting a target price of 235 euros. Analyst Ian Douglas-Pennant noted that the company's results either met or slightly missed expectations, but highlighted a positive raised outlook that was anticipated later in the year. Safran specializes in high-tech equipment for the aerospace and defense sectors, with significant sales from propulsion systems and aircraft equipment.
analysts update recommendations and price targets for major european companies
Analysts have made several notable changes to their recommendations and price targets for various companies. Adecco Group was downgraded by Deutsche Bank, while Ahold Delhaize saw its target raised by KBC Securities. Anheuser-Busch Inbev received an upgrade from ING Bank, and Ferrari's target was increased by Jefferies. Other significant adjustments include downgrades for Porsche and Fevertree Drinks, alongside upgrades for companies like Victrex and Soitec.
UBS shares decline sharply despite better than expected earnings report
UBS shares fell over five percent after reporting figures that, despite exceeding expectations, failed to boost investor confidence. The stock has lost about 38% of its gains since December, now testing a key support level, while still up nearly nine percent year-to-date. Concerns over global economic uncertainties and potential new capital adequacy regulations are weighing on the stock, despite a significant rise of almost 80% since the Credit Suisse takeover.
UBS shares fell over five percent after reporting figures that, despite exceeding expectations, failed to boost investor confidence. The stock has lost about 38% of its gains since December, amid concerns over global economic uncertainties and potential new capital adequacy regulations that could require significant additional equity. Despite this, UBS has gained nearly nine percent year-to-date and remains the second most valuable bank in Europe following its acquisition of Credit Suisse.
UBS shares fell over five percent after reporting figures that, despite exceeding expectations, failed to boost investor confidence. The stock has lost about 38% of its gains since December, now testing a key support level, while still up nearly nine percent year-to-date. Concerns over global economic uncertainties and potential new capital adequacy regulations are weighing on the stock, despite a significant rise of almost 80% since the Credit Suisse takeover.
European stocks to watch as sectors show strong performance
European stocks are showing promise, particularly in sectors like oil, banking, and technology. BP, Banco BPM, UBS, Imperial Brands, SAP, and Safran are highlighted as key players, with specific price targets and resistance levels indicating potential upward movements. The fictitious portfolio comprising these stocks has outperformed the Stoxx 600 index over the past three months.
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