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Deutsche Bank has reaffirmed its Buy rating on Shopify stock with a $150 price target, reflecting confidence in the company's market positioning and growth potential. Shopify is benefiting from retail trends such as unified commerce and Generative AI, alongside strong revenue growth of 25.78% over the past year. The company is gaining traction in the mid-market and enterprise segments, driven by dissatisfaction with existing vendors, while an expanded partnership with Affirm Holdings is set to enhance its payment services.
On April 2, President Trump is expected to implement significant reciprocal tariffs on 15-25 countries, potentially using Section 338 of the Tariff Act of 1930 or the International Emergency Economic Powers Act. These tariffs may target nations with large trade deficits with the U.S. and high trade barriers, including China, the EU, India, Canada, and Japan. Barclays anticipates that real negotiations will commence post-April 2, warning of prolonged trade tensions ahead.
The Province of Saskatchewan is set to issue a bond worth CHF 120 million, managed by UBS and CIBC, with a coupon rate of 1.070%. The bond will mature in ten years on April 17, 2035, and is rated Aa1/AA by Moody's and S&P. It will be listed on SIX starting April 15, 2025.
US import tariffs on crude oil from Canada and Mexico are set to end next Wednesday, with a potential 10% tariff on Canadian oil and 25% on Mexican oil. However, the market anticipates these tariffs may not be implemented, as evidenced by the narrowing price discount for Canadian oil, which has dropped significantly in recent weeks. This shift may also be influenced by expected reductions in oil supplies from Venezuela, positioning Canadian oil as a viable alternative for US refineries.
U.S. President Donald Trump's upcoming tariff announcements are raising concerns about the global growth outlook, although analysts at Barclays believe the risks are largely priced into the market. The tariffs, targeting 15-25 countries, are set to take effect immediately, with negotiations expected to follow, prolonging uncertainty regarding their final scope and timing. Trump plans to impose duties on all automotive imports not made in the U.S., potentially excluding Mexico and Canada, which are integral to North American car manufacturing.
UBS forecasts a decline in the Canadian dollar due to ongoing economic challenges, including recession risks and disappointing labor market data. The USDCAD exchange rate is expected to rise to between 1.44 and 1.46, influenced by tariffs, as inflation remains high and the Bank of Canada faces limited rate cuts. This environment of stagflation could significantly impact trade and investment decisions globally.
Lululemon's price target has been reduced to $335 from $376 by UBS. This adjustment reflects the latest analysis and market conditions impacting the company's valuation.
Morgan Stanley has lowered its price target for Lululemon to $373 from $411. This adjustment reflects a shift in market expectations for the athletic apparel company.
Wells Fargo has lowered its price target on lululemon athletica to $315 from $375 while maintaining an equalweight rating. The company, known for its technical sportswear, generates 45.9% of net sales from directly operated stores, 44.8% from online sales, and 9.3% from other sources, with a significant presence in the U.S. (66% of sales).
Deutsche Bank has lowered its price target on lululemon athletica to $362 from $401 while maintaining a hold rating. The company specializes in technical sportswear, with net sales primarily generated from directly operated stores (45.9%) and online sales (44.8%). Geographically, 66% of sales come from the United States, followed by Canada (13.4%), China (10%), and other regions (10.6%).
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Deutsche Bank reaffirms buy rating for Shopify with 150 dollar target
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17:22 28.03.2025
barclays predicts significant tariffs on multiple countries starting april 2
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15:39 28.03.2025
Saskatchewan issues 120 million franc bond with ten year maturity
13:42 28.03.2025
us import tariffs on canadian and mexican crude oil may not materialize
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12:48 28.03.2025
trump tariffs raise concerns over global growth outlook and trade tensions
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Lululemon price target reduced to 335 by UBS analysts
11:45 28.03.2025
Lululemon price target reduced by Morgan Stanley to 373 from 411
11:31 28.03.2025
wells fargo lowers lululemon price target to 315 maintains equalweight rating
10:53 28.03.2025
Deutsche Bank lowers lululemon price target while maintaining hold rating
10:53 28.03.2025
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