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Deutsche Telekom shares reached a new high for the year at EUR 28.09, following a strong upward trend after testing the August uptrend line. The stock has gained 28.8% in 2024, with potential to rise further towards EUR 30 if it maintains momentum. However, a drop below EUR 27.48 could signal a retreat towards support levels around EUR 27.00 and EUR 25.96.
Deutsche Telekom shares reached a new high for the year at EUR 28.09, following a strong upward trend and a 28.8% gain in 2024. The outlook suggests potential further increases towards EUR 30, while key support levels are identified around EUR 27.00 and EUR 25.96.
UBS has maintained a 'Neutral' rating on ASML, setting a price target of 900 euros, following the company's preliminary quarterly results and a forecast reduction. Analyst Francois-Xavier Bouvignies noted that the new outlook could decrease the consensus estimate for operating profit (EBIT) in 2025 by 15 to 20 percent. As of October 17, ASML's stock was trading at approximately 628.70 euros, reflecting a slight decline of 0.36%.
UBS has assigned Adidas a "Buy" rating with a target price of 279 euros, following the sportswear company's preliminary quarterly results. Analyst Zuzanna Pusz highlighted a surprisingly high gross margin in her initial assessment.
Dan Sundheim of D1 Capital Partners has implemented significant changes following two years of substantial losses, including a 31% drop in January 2021 due to meme stock volatility and a 34% loss in 2022. Since June 2022, the firm has reduced risk exposure and diversified its portfolio, resulting in an 85% gain over 28 months, with a strong Sharpe ratio of 2.8. Despite the public portfolio's recovery, private investments continue to face challenges amid a downturn in the venture capital market.
Assenagon has expanded its sales team with the appointment of Marc Fankhauser as Sales Director in Zurich, effective October 1, 2024. Fankhauser, who specializes in advising German-speaking clients, brings extensive experience from Evooq and Vontobel, along with a Chartered Alternative Investment Analyst (CAIA) qualification. He is the fifth sales hire this year, reflecting the company's growth and increased demand for client support in a competitive market.
Deutsche Bank AG has appointed Aly Alibhai, a media and entertainment banker from UBS Group AG, as the head of North American mergers and acquisitions. Alibhai will be based in New York and is expected to join the German lender after a period of leave.
German lawyer Eckart Seith, a whistleblower in the cum-ex scandal, is set to stand trial in Switzerland on December 9 for economic espionage and violations of the Banking Act. He is accused of obtaining and sharing internal documents from Bank J. Safra Sarasin with German authorities, amid ongoing tensions between Germany's tax evasion efforts and Swiss banking secrecy. Seith's case is linked to a lawsuit by billionaire Erwin Müller against the bank, which involved controversial dividend-splitting transactions that led to significant tax losses across Europe.
UBS AG has maintained a "Buy" rating for MTU Aero Engines, setting a target price of 320 euros following a positive forecast adjustment and strong Q3 results that surpassed market expectations in both new and spare parts business as well as commercial maintenance. On the day of the analysis, MTU shares rose by 5.2% to EUR 304.80, indicating a growth potential of 4.99% relative to the target price, with a notable 57.4% increase in share price throughout 2024. The quarterly results for Q3 2024 are anticipated on October 24, 2024.
UBS AG has maintained a "Buy" rating for MTU Aero Engines, setting a target price of 320 euros after a positive analysis of the company's third-quarter performance, which surpassed market expectations in both new and spare parts, as well as commercial maintenance. The share price rose by 5.2% to EUR 304.80, indicating a potential upside of 4.99% to the target price. Since the start of 2024, MTU's shares have increased by 57.4%, with Q3 2024 financial figures expected to be released on October 24, 2024.
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Deutsche Telekom shares reach new annual high amid strong market momentum
09:05 16.10.2024
Deutsche Telekom shares reach new annual high amid positive market momentum
08:42 16.10.2024
ubs maintains neutral rating on asml with target price of 900 euros
21:44 15.10.2024
UBS rates Adidas as buy with target price of 279 euros
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dan sundheim's d1 capital rebounds with strategic changes after major losses
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16:44 15.10.2024
ubs ag maintains buy rating for mtu aero engines with target price increase
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ubs maintains buy rating for mtu aero engines with target price of 320 euros
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