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Noah Ramos, a former Deutsche Bank VP, was fired for allegedly making an insensitive "Hello Kitty" comment, which he claims was a pretext for his dismissal due to his whistleblowing on the bank's accounting practices. He is now suing for $100 million, asserting that the bank's HR actions were excessive and that his termination was unjust. Meanwhile, traders are thriving amid market volatility, with significant revenue growth in equities and macro trading, while banks are shifting their focus away from Canary Wharf to the City.
Goldman Sachs has upgraded Ulta Beauty to a Buy rating, raising its price target to $423 from $384, citing improved conditions in the beauty industry and anticipated growth in both prestige and mass segments. Analysts expect momentum in comparable store sales for fiscal year 2025, supported by rising app downloads and search activity. They also note a favorable competitive landscape and low tariff risk, with Ulta's valuation appearing attractive compared to its historical averages.
Goldman Sachs upgraded ULTA Beauty's stock rating from Neutral to Buy, raising the price target to $423 from $384, citing strong sales momentum and a growing user base. Despite a recent earnings beat, concerns over competition from Sephora and Amazon have led other analysts to lower their price targets, reflecting a cautious outlook amid market challenges.
ReliaQuest, a Florida-based AI-powered cybersecurity firm, has raised over $500 million in its latest funding round, valuing the company at $3.4 billion. The investment, led by EQT, KKR, and FTV Capital, will enhance its AI-driven platform, GreyMatter, and support global expansion. With annual recurring revenue exceeding $300 million and a growth rate over 30%, ReliaQuest continues to integrate with over 200 cybersecurity tools to bolster threat detection and response capabilities.
Goldman Sachs has downgraded its 12-month forecast for Europe’s STOXX 600, anticipating price returns of -6% in three months, -2% in six months, and 5% in a year, due to rising tariff concerns and weaker economic growth in the US and Europe. Earnings growth expectations for European companies have also been reduced, with projections of 2% growth in 2025 and 4% in 2026, below consensus estimates. The firm highlights that while European equities are trading at a discount compared to US stocks, the outlook remains sensitive to US trade policies and potential economic downturns.
Goldman Sachs has revised its 12-month price forecast for Europe's STOXX 600 index, lowering it from 580 to 570. The adjustment is attributed to the potential effects of U.S. President Donald Trump's tariff plans on the market.
Zomato's share price has risen following a stake purchase by Goldman Sachs, with shares traded between ₹199.5 and ₹4,176.25, totaling ₹280.96 crore. However, BofA Securities downgraded the stock to 'neutral' from 'buy', citing expected losses in quick commerce and a slowdown in food growth, with a revised target price of ₹250. The stock has underperformed, dropping over 25.92% in six months and 9% in the past month.
Goldman Sachs has revised its 12-month price forecast for Europe's STOXX 600 index, lowering it from 580 to 570. The adjustment comes in response to the anticipated effects of U.S. President Donald Trump's tariff plans, as noted in a recent report.
Goldman Sachs has revised its 12-month forecast for Europe’s STOXX 600 index, reflecting changing market conditions. Investors are cautioned about the high risks associated with trading financial instruments and cryptocurrencies, including potential loss of investment. It is essential to consider individual investment objectives and seek professional advice before engaging in trading activities.
Goldman Sachs has revised its 12-month price forecast for Europe's STOXX 600 index, lowering it from 580 to 570. The adjustment reflects concerns over the impact of U.S. President Donald Trump's tariff plans, as noted in a recent report.
The Goldman Sachs Group, Inc.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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