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UBS has downgraded Air France-KLM from "Buy" to "Neutral," reducing its price target from €12.05 to €11.45. Analyst Jarrod Castle noted that the improved outlook is already reflected in the airline's shares, with the lower target attributed to increased liabilities.
Air France-KLM, a leading global airline, reported that by the end of 2024, it will operate a fleet of 574 aircraft, with 80% of its sales coming from passenger and cargo transport, serving 74.7 million passengers and 0.9 Mt of freight. The low-cost segment, Transavia, is expected to carry 23.2 million passengers, while maintenance services and other activities contribute 6.6% and 3.5% to sales, respectively.
SiCarrier, a China-based firm linked to Huawei, is developing machines to replace ASML's advanced EUV equipment, aiming to reduce China's reliance on foreign technology for semiconductor manufacturing. Supported by the Shenzhen government, SiCarrier is working on a range of chip fabrication tools, with prototypes expected to enter trial production by late 2025. Despite challenges, including SMIC's current limitations with DUV equipment, these efforts could significantly advance China's chip-making capabilities.
Morgan Stanley Investment Management has announced a portfolio management change for the Morgan Stanley China A Share Fund, Inc. In other news, Indian equities continued to rise, driven by gains in banks and energy stocks, while Citigroup adjusted its price target on Morgan Stanley to $125, maintaining a neutral rating. Additionally, Morgan Stanley raised its GDP growth forecast for China in 2025.
Global hedge funds have continued to short European stocks for the second consecutive week, particularly targeting financial, materials, energy, and industrial sectors, according to Goldman Sachs data. Notably, Germany, Italy, the Netherlands, Denmark, and the UK saw the most net selling, with a focus on individual stocks rather than broader indices. Key short positions include asset manager Schroders and home improvement company Kingfisher, with significant bets against energy firm Petrofac as well.
Goldman Sachs has reaffirmed its Conviction Buy rating on Adyen NV, maintaining a price target of EUR2,300. The firm anticipates a year-over-year growth of 23% in Q2 and 25% in the second half of 2025, driven by strong underlying momentum and multiple growth levers. Despite slight adjustments to EBITDA estimates, projections remain 1-3% above consensus for 2025-2026, with confidence in Adyen's potential to outperform market expectations and achieve higher valuations.
Guardian Partners Inc. acquired a $11.73 million stake in ING Groep, holding 743,344 shares, while other investors also increased their positions. Despite a Moderate Buy rating, analysts suggest better investment opportunities, with Morgan Stanley downgrading ING Groep to "equal weight." The stock recently opened at $19.88, with a market cap of $69.53 billion, and reported a quarterly EPS of $0.39, missing estimates.
Barclays has downgraded SBM Offshore NV's stock rating from Overweight to Equal Weight, setting a new price target of EUR25.00. This decision follows a significant 55.2% return over the past year and a 30.52% gain year-to-date, with the stock trading near its 52-week high of $23.20. Analysts emphasize the need for new contract awards to sustain growth and achieve the price target, highlighting the company's strong financial position and consistent dividend payments over the past decade.
European allies Sweden, Norway, and the Netherlands are pressing the U.S. for the return of $15 million in unspent aid meant for development projects, currently held by USAID. The funds, intended for initiatives like the Water and Energy for Food program, remain unrefunded amid concerns over the Trump administration's cuts to foreign assistance and the agency's operational disruptions. As these nations seek clarity, doubts about the U.S.'s reliability as a financial partner grow, impacting humanitarian efforts and international relations.
The global Cell Line Development Market is projected to grow at a CAGR of 12.13% from 2024 to 2031, driven by increasing demand in drug discovery and biopharmaceutical production. Key players include Lonza Group AG, Thermo Fisher Scientific Inc, and GE Healthcare, with significant regional markets in North America, Europe, and Asia-Pacific. The report offers insights into market trends, challenges, and opportunities, utilizing both qualitative and quantitative research methods.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs downgrades air france klm to neutral lowers price target
07:25 25.03.2025
Air France-KLM reports strong passenger and cargo transport growth for 2024
07:12 25.03.2025
China's SiCarrier Develops In-House Machines to Compete with ASML
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16:09 24.03.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
hedge funds increase short positions against european builders and financial firms
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Petrofac Ltd
Kingfisher plc
Schroders plc
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DEU
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Tommy Reggiori Wilkes
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13:10 24.03.2025
Goldman Sachs reaffirms Adyen as Conviction Buy with EUR2300 target
12:06 24.03.2025
guardian partners invests in ing groep as analysts adjust ratings
10:59 24.03.2025
Barclays downgrades SBM Offshore stock rating amid strong share performance
09:48 24.03.2025
european allies seek return of unspent aid from usaid amid funding freeze
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Natoco Co., Ltd.
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Chuck Hagel
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12:37 23.03.2025
cell line development market projected to grow at 12.13 percent CAGR through 2031
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Thermo Fisher Scientific Inc.
Promega Corporation Corp.
Lonza Group AG
Corning Inc
GE HealthCare Technologies Inc.
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19:14 22.03.2025
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