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UBS has upgraded Metsä Board to a neutral rating with a target price of EUR 4.70, up from EUR 4.10. The company, a prominent European producer of cardboard and paper, generates 59% of its net sales from packaging cardboard, with significant contributions from white kraftliner (24%) and pulp (13%). It operates eight production sites in Finland and Sweden, with a majority of sales coming from Europe, the United States, and other regions.
UBS has upgraded Metsä Board to a neutral rating with a target price of EUR 4.70, up from EUR 4.10. Metsä Board Oyj, a leading European producer of board and paper products, generates 59% of its sales from packaging board, with significant contributions from white kraft paper (24%) and pulp (13%). The company operates eight production sites across Finland and Sweden, with a diverse geographical sales distribution, primarily in Europe, the United States, and Asia-Pacific.
E.ON SE is a leading global producer and distributor of electricity and gas, with sales primarily from electricity (61.7%) and gas distribution (25.6%). Geographically, the company generates 40% of its sales in Germany, followed by 35.4% in the United Kingdom, and smaller shares in Sweden, the Netherlands, and other European regions.
E.ON SE is a prominent electricity and gas producer and distributor, with net sales comprising 61.7% from electricity sales, 25.6% from gas distribution, and 12.7% from other activities. Geographically, its sales are primarily from Germany (40%) and the UK (35.4%), with smaller contributions from Sweden, the Netherlands, and other European regions.
IG Group has acquired Freetrade, the free share dealing app, for £160 million, significantly lower than its peak valuation of £650 million during the pandemic. Crowdfunding investors are expressing concerns over substantial losses, as the platform's valuation dropped to £225 million in 2023. Despite this, Freetrade reported its first profitable half-year in 2023 and plans to expand its product offerings under IG's ownership.
UBS AG maintains a "Buy" rating for Siemens shares ahead of the fourth quarter reporting season, with no significant changes in nowcasting estimates for the European capital goods sector. Siemens shares dipped 0.1% to EUR 195.30, reflecting a 3.6% gain since the start of 2025. Analyst Andre Kukhnin noted that while some companies may exceed expectations, Siemens could fall short.
IG Group has acquired UK trading app Freetrade for £160 million in an all-cash deal, expected to close in mid-2025 pending regulatory approval. Freetrade will continue to operate independently under its current management, with plans for product expansion and increased marketing to drive growth. Founded in 2017, Freetrade offers a variety of investment products, including ISAs, SIPPs, and access to over 6,200 global stocks and ETFs.
UBS has maintained a "Neutral" rating for Volvo B ahead of the fourth quarter reporting season, with no significant changes in estimates for the European capital goods sector. Analyst Andre Kukhnin noted that Volvo and Epiroc show the highest potential for organic sales growth, while Gea and Siemens may miss expectations. Overall, sales for most companies are aligning with consensus, though there is a tendency to underperform.
Freetrade has been acquired by IG Group for £160 million, despite a significant drop in its valuation from £650 million to £225 million due to economic challenges. The investment platform saw a 52% increase in assets, reaching £2.5 billion in AUA, and reported a 32% revenue growth for FY’24. Freetrade will continue to operate independently under its own brand, leveraging IG Group's resources for future growth.
UBS has raised its price target for Spotify to $540 from $485, maintaining a Buy rating. The firm highlights Spotify's successful 2024, marked by financial progress and price increases, and anticipates continued margin expansion in 2025 despite some short-term challenges.
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ubs upgrades metsä board to neutral with target price increase
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