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Northern Trust Asset Management has been awarded the 2025 LSEG Lipper Award for Best Equity Large Fund Group in Europe, recognizing its strong risk-adjusted performance over three years. With $1.3 trillion in assets under management, the firm emphasizes its commitment to serving global investors and adapting to market changes. Michael Hunstad, deputy chief investment officer, expressed pride in this recognition and the importance of Europe to their business strategy.
UBS has downgraded South32 from Buy to Neutral, lowering the price target to AUD3.70 from AUD4.00, following a strong performance that outpaced BHP by 20% over the past year. Analysts expressed concerns over long-term growth projects and reduced earnings projections due to rising operational costs, indicating a shift in the company's strategic focus towards organic growth. The stock's valuation now aligns more closely with BHP, suggesting a more balanced risk-reward scenario moving forward.
UBS has downgraded South32 shares from "Buy" to "Neutral," lowering the price target from AUD 4.00 to AUD 3.70. This decision follows a strong performance last year, but concerns about long-term growth projects and reduced earnings forecasts due to rising operating costs have influenced the analysts' outlook. The stock now trades in line with BHP, indicating a more balanced risk/reward scenario for investors.
UBS has downgraded South32 Limited from Buy to Neutral, lowering its price target to AUD 3.70 from AUD 4.00, following a strong performance that saw its shares outperform BHP by 20% over the past year. Analysts emphasized the need for a strategic shift towards organic growth, citing concerns over long-term projects and declining free cash flow yield forecasts. The reassessment of valuation indicates a more balanced risk-return scenario, as South32's shares now trade in line with BHP after historically being at a discount.
Australia has unveiled a comprehensive plan for cryptocurrency regulation, signaling a commitment to address issues surrounding debanking. The initiative aims to create a more secure and transparent environment for digital assets, fostering innovation while protecting consumers.
UBS has downgraded South32 Ltd to Neutral from Buy, lowering the target price to £1.90 from £2.10, following a 20% outperformance over BHP in the past year. Despite improved operating performance and a solid balance sheet, growth prospects are tempered by long-term challenges at the Hermosa project and resource depletion at Cannington. Analysts noted that projected capital returns are less attractive, with a free cash flow yield below 5%, while revenue is expected to rise by 39% this financial year.
UBS has downgraded South32 from Buy to Neutral, lowering the target price to £1.90 from £2.10, following a strong performance against BHP. Despite a robust total return of 20.5% over the past year, analysts noted long-term growth challenges, particularly with the Hermosa project and resource depletion at Cannington. The company's current financial health remains solid, but projected cash returns are less attractive, with a free cash flow yield below the long-term average.
The Australia 200 index rose 38 points (0.48%) to 7957, poised for its best close in nearly two weeks, buoyed by supermarket stocks following ACCC findings. The real estate sector also gained amid expectations of an RBA rate cut in May, while the financial sector showed signs of recovery. Gold prices retreated from record highs, and Paladin's uranium operations were suspended due to heavy rainfall.
US stock markets showed mixed results as tariff concerns eased, while the Australia 200 index rebounded after four weeks of losses, supported by labor data suggesting a potential interest rate cut by the RBA in May. Key economic indicators included unchanged Fed rates, softer retail sales, and a surprising surge in US housing starts. In the UK, inflation rose to 3.0%, prompting the BoE to maintain rates, while Japan's BoJ held rates steady amid global uncertainties.
Barclays has adjusted its price target for Digital Realty Trust to $139 from $142 while maintaining an underweight rating. Digital Realty Trust, Inc. specializes in the development, ownership, and management of data centers, with a portfolio of 310 centers across various regions, including the U.S., Europe, and Latin America.
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northern trust asset management wins lseg lipper award for best equity fund group
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10:00 21.03.2025
ubs downgrades south32 stock rating and lowers price target to 3.70 aud
09:35 21.03.2025
ubs downgrades south32 to neutral lowers price target amid growth concerns
09:19 21.03.2025
ubs downgrades south32 to neutral and lowers price target to aud 3.70
09:19 21.03.2025
Australia unveils comprehensive plan for cryptocurrency regulation and debanking action
08:20 21.03.2025
ubs downgrades south32 to neutral lowers target price to 1.90
08:18 21.03.2025
ubs downgrades south32 to neutral and lowers target price to 1.90
08:18 21.03.2025
Australia 200 rebounds as rate cut expectations boost supermarket and real estate stocks
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06:28 21.03.2025
us stock markets mixed as australia 200 rebounds amid economic concerns
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05:09 21.03.2025
barclays lowers price target for digital realty trust to 139 dollars
11:22 20.03.2025
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