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ubs maintains neutral rating for munich reinsurance company shares with target price
UBS AG has maintained a "Neutral" rating for Munich Reinsurance Company shares, setting a target price of 594 euros. Analyst Will Hardcastle favors life insurers over non-life insurers in the European sector, highlighting stocks like Prudential and AXA. Currently, Munich Re shares are trading at 583.60 EUR, reflecting a 1.02% decline, but still show a potential upside of 1.71% relative to the target price.
ubs maintains neutral rating for allianz with target price of 320 euros
UBS has maintained a "Neutral" rating for Allianz shares, setting a target price of 320 euros, as analyst Will Hardcastle favors life insurers over non-life in Europe. Allianz shares fell 0.7% to EUR 352.80, with a 9.3% potential decline to the target price, despite a 19.2% rise since early 2025. The company is set to release its Q1 2025 balance sheet on May 15, 2025.
Commerzbank successfully tests securities transaction using blockchain technology
Commerzbank has successfully completed a securities transaction test utilizing blockchain technology. This initiative marks a significant step in the integration of digital solutions within the financial sector, showcasing the potential for enhanced efficiency and security in transactions.
ubs maintains neutral rating on allianz shares with target price of 320 euros
UBS AG has maintained a "Neutral" rating on Allianz shares with a target price of €320, as analyst Will Hardcastle favors life insurers over non-life stocks. The Allianz share fell 0.7% to €352.80, indicating a potential downside of 9.3% relative to the target price, despite a 19.2% increase since the start of 2025. The company is set to release its Q1 2025 results on May 15, 2025.
UBS lowers CTS Eventim price target but maintains buy rating
UBS has reduced its price target for CTS Eventim from 120 to 116 euros while maintaining a "Buy" rating. Analyst Olivier Calvet anticipates strong growth in the ticket business and considers the company's live event targets to be conservative, despite lowering growth forecasts slightly.
deutsche bank upgrades goodyear tire to buy with thirteen dollar target
Deutsche Bank has upgraded Goodyear Tire & Rubber to a "Buy" rating from "Hold," setting a price target of $13. The company develops, manufactures, and sells tires for various applications and operates around 950 retail outlets globally, offering a range of products and services. Goodyear's extensive portfolio includes well-known brands such as Goodyear, Cooper, and Dunlop, with manufacturing facilities in 20 countries.
Deutsche Bank appoints Raja Akram as new Chief Financial Officer
Deutsche Bank has appointed Raja Akram as its new Chief Financial Officer, succeeding James von Moltke, who will continue to oversee the bank's financial strategy until June 2026. Akram, currently Deputy CFO at Morgan Stanley, will officially take on the role in 2026, bringing extensive experience from Citigroup and Morgan Stanley. The bank's leadership transition aims to enhance its growth strategy, with key executives' contracts extended for continuity.
deutsche bank lowers price target on procter and gamble maintains buy rating
Deutsche Bank has adjusted its price target on Procter & Gamble to $185 from $188 while maintaining a Buy rating. Procter & Gamble is a leading consumer products company, with net sales categorized into care and hygiene products (38.1%), home care and laundry products (35.1%), beauty products (18.1%), shaving products (7.9%), and other items (0.7%).
eurostoxx 50 declines as investors brace for impending tariffs and economic uncertainty
European stock markets, including the EuroStoxx 50, are experiencing declines as investors secure profits ahead of impending "reciprocal" tariffs. The index is facing bearish pressure below 5,300 points, with a critical support level at 5,100 points, while upcoming US employment reports could further influence market sentiment.
ubs maintains neutral rating on munich reinsurance shares with target price of 594 euros
UBS has maintained a "Neutral" rating for Munich Reinsurance Company, setting a target price of 594 euros. Analyst Will Hardcastle favors life insurers over non-life, highlighting stocks like Prudential and AXA. Munich Re shares fell 0.6% to EUR 584.00, with a 1.71% upside potential, and have risen 19.9% since the start of 2025. Key Q1 2025 figures are due on May 13, 2025.
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