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During the 81st Olma on October 16, 2024, around 50 politicians engaged in discussions about the future of Olma Messen St.Gallen. CEO Christine Bolt highlighted the positive business development, noting that popular trade fairs have returned to pre-pandemic levels, and the new Gastia fair is already profitable. The focus remains on innovation and growth through new events and partnerships.
At a recent event in Lugano, iCapital's Marco Bizzozero highlighted the significant growth of private market investments, now valued at $14 trillion, as companies delay going public. The discussion emphasized the need for investor education on the complexities and risks of these investments, particularly regarding manager selection and liquidity. Panelists noted generational differences in investment preferences, with younger investors favoring tech start-ups, while older generations lean towards familiar sectors.
UBS AG has maintained a "Neutral" rating for ABB (Asea Brown Boveri) shares, setting a target price of 50 francs. Analyst Andre Kukhnin noted a solid performance, with a 19 percent margin driven by strong electrification progress. As of 13:18, shares rose 3.1 percent to CHF 50.68, reflecting a 38.7 percent increase since the start of 2024, though still showing a potential downside of 1.34 percent relative to the target price. Q3 2024 results are anticipated on October 17, 2024.
ABB Ltd is a leading global designer and manufacturer of industrial capital goods, with a product breakdown of 67.2% in electrical transmission and distribution, 30.6% in automation systems, and 2.2% in other categories. Geographically, sales are distributed as follows: Europe (35.9%), the United States (25.6%), China (13.9%), Asia-Middle East-Africa (15.8%), and the Americas (8.8%).
UBS has maintained a 'Neutral' rating for ABB, setting a target price of 50 francs, following a report highlighting the company's solid performance, particularly a 19% margin driven by strong advancements in electrification. ABB, a leader in industrial equipment, generates the majority of its sales from electricity transmission and distribution products.
Lombard Odier Investment Managers has appointed Christèle Clémence as Senior Sales for Strategic Accounts to enhance its wholesale distribution platform. Based in Zurich, she will focus on expanding business with strategic intermediaries in German-speaking Switzerland, targeting global financial institutions and family offices. Clémence brings extensive experience from her previous roles at Lord Abbett, Robeco, UBS, and Bank Syz.
UBS has maintained a 'Neutral' rating for ABB, setting a target price of 50 francs following the release of solid financial figures. Analyst Andre Kukhnin highlighted a 19 percent margin, primarily attributed to significant advancements in electrification.
UBS has maintained a "Neutral" rating for ABB, setting a target price of 50 francs. Analyst Andre Kukhnin highlighted a solid performance, with a 19 percent margin primarily driven by significant advancements in electrification.
UBS shares rose 1.3% to CHF 28.34 at midday, with a peak of CHF 28.38, amid a trading volume of 1,518,807 shares. The stock's 52-week high is CHF 28.78, while the low was CHF 20.88 on October 27, 2023. Analysts project earnings per share of USD 1.64 for 2024, with a dividend payout expected to increase to USD 0.823.
UBS has maintained a 'Neutral' rating for Sartorius with a target price of 264 euros following the third-quarter results. While the laboratory services provider's consolidated sales fell short of consensus estimates, its operating profit met expectations. The recovery in orders within the BPS division may positively influence the market.
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