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UBS has raised its price target for KBC to €75 from €72, maintaining a Neutral stance due to limited upside potential. The bank has also adjusted its fourth-quarter forecasts slightly and increased its medium-term EPS outlook, primarily due to lower taxes. KBC's net interest income forecast for 2024 is now set at approximately €5.5 billion.
BNP Paribas, France's leading banking group, generates 54% of its Net Banking Income (NBI) from retail banking, with significant contributions from France, Belgium, and Italy. Corporate and investment banking accounts for 34.4%, while institutional and private banking and insurance make up 11.6%. By the end of 2023, the bank managed EUR 988.5 billion in deposits and EUR 859.2 billion in loans, with a geographical NBI distribution of 82.9% in Europe, the Middle East, and Africa.
ING Groep N.V. is the leading financial services group in the Benelux, with retail banking contributing 66.7% to its revenues. The group's revenue distribution by country includes the Netherlands (33.2%), Germany (20.9%), and Belgium (17.8%). As of the end of 2023, ING had EUR 650.3 billion in deposits and EUR 642.4 billion in loans.
UBS has maintained its "Buy" rating for AB InBev, setting a target price of 66 euros. Analyst Sanjeet Aujla noted that the brewery group is on track with debt reduction and cash inflows, aligning with market expectations ahead of upcoming financial figures.
UBS has upgraded AB Inbev to a 'Buy' rating, indicating a positive outlook for the company. However, the information provided is for informational purposes only and does not constitute a recommendation to buy or sell securities. Investors are reminded of the risks involved, including the potential total loss of capital.
UBS maintains a 'Buy' rating on Anheuser-Busch InBev, setting a target price of €66. The company is a leading global brewer with a diverse portfolio, including brands like Budweiser and Corona, and operates in both beer and non-alcoholic beverage sectors. Geographically, its net revenue is distributed across Europe/Middle East/Africa (14.5%), Central America (27.5%), North America (25.4%), Latin America (20.3%), and Asia/Pacific (11.5%).
Deutsche Bank has downgraded Argenx SE (ARGX) stock to a Sell rating as of January 17, 2025. This decision reflects a shift in market sentiment towards the company, which is now facing increased scrutiny alongside competitors like Amgen (AMGN), Johnson & Johnson (JNJ), and Immunovant (IMVT).
UBS Global Research has upgraded Azelis Group to a "buy" rating, citing an attractive valuation and the belief that profit pressures have peaked. The firm raised its price target from €19 to €22, anticipating a 4.5% volume growth in 2025 and highlighting Azelis's potential for market expansion through mergers and acquisitions. Despite recent challenges in the chemical distribution sector, UBS sees a resilient industry with structural growth and defensive demand patterns.
UBS Global Research has upgraded Azelis Group to a "buy" rating, citing an attractive valuation and the belief that profit pressures have peaked. The firm projects a 4.5% year-over-year volume growth for 2025, with conversion margins stabilizing above pre-2020 levels, and has raised its price target from €19 to €22. Despite challenges in the chemical distribution sector, Azelis's long-term growth potential remains strong, supported by its active mergers and acquisitions strategy.
Belgian competition authorities have initiated an investigation into Anheuser-Busch Inbev. Meanwhile, UBS has successfully avoided exclusion from the lucrative US pension market, which was sought by a group of activists. This information is provided for informational purposes only and does not constitute investment advice.
BEL
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS raises KBC price target amid modest earnings forecast adjustments
13:01 22.01.2025
BNP Paribas maintains strong position in global banking landscape
12:12 22.01.2025
ubs continues to invest in leading benelux financial services group ing groep
12:10 22.01.2025
ubs maintains buy rating for ab inbev with target price of 66 euros
09:32 20.01.2025
ubs upgrades ab inbev to buy rating amid market analysis
09:32 20.01.2025
ubs maintains buy rating for anheuser busch inbev with target price of 66 euro
09:19 20.01.2025
argenx stock downgraded to sell by deutsche bank
20:54 17.01.2025
ubs upgrades azelis to buy citing recovery and attractive valuation
14:25 17.01.2025
ubs upgrades azelis to buy citing recovery and attractive valuation
14:18 17.01.2025
Belgian authorities investigate Anheuser-Busch Inbev amid market concerns
08:11 17.01.2025
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