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UBS analyst Esther Rajavelu has maintained a Neutral rating on Ionis Pharmaceuticals with a price target of $45, as the stock trades near its 52-week low at $31.40. The company is focused on launching Tryngolza for familial chylomicronemia syndrome and has partnered with Sobi for commercialization outside the U.S. Despite a revenue decline of 10.5% to $705 million, Ionis has secured EU approval for WAINZUA and is advancing its investigational treatments, while management anticipates Phase 3 data for olezarsen in severe hypertriglyceridemia by late 2025.
Regula Berger has been appointed as the new Chairwoman of the Board of Directors at Bank Cler, succeeding Basil Heeb. The board now includes three new members, increasing the female representation to 57%, well above the Swiss average. Özlem Civelek, Christoph Auchli, Susanne Ziegler, and Christian Reuss join the board, while Heeb, Maya Salzmann, and Christian Wunderlin step down.
UBS has maintained a "Buy" rating for Nordea Bank Abp, setting a target price of 150 Swedish kronor ahead of the bank's first quarter results due on April 16. Analyst Johan Ekblom anticipates a slight decline in net profit compared to the previous quarter, projecting a 19% drop year-on-year due to lower revenues, increased costs, and normalizing credit losses. He also notes that interest rate cuts will pose challenges to earnings, with deposit protection and currency effects insufficient to mitigate these pressures.
UBS has maintained a "Neutral" rating for H&M with a target price of 149 Swedish kronor following disappointing first-quarter results that missed expectations. Analyst Sreedhar Mahamkali noted that while the share price has weakened, it suggests that investor expectations have already adjusted downward, despite ongoing concerns about the operating result (EBIT).
H&M's first-quarter earnings fell short of expectations, with an EPS of 0.37 kronor, missing consensus by 60%. Sales growth was modest at 2%, influenced by sluggish trading and reduced gross margins. Despite these challenges, Deutsche Bank maintains a hold recommendation with a target price of 160 kronor, as investor sentiment remains resilient.
Societe Generale is closely monitoring the volatile dollar, which recently fluctuated between a near dip below 100 and a rebound above 110 on the Dollar Index. This instability reflects various economic factors, including Germany's fiscal adjustments and uncertainties in the US political landscape, with a modest GDP growth forecast of 1.7%. While the bank remains optimistic about global fiscal policies, particularly Germany's increased defense spending, it expresses caution regarding the US economic environment and its potential impacts on currency markets.
European bank shares declined following President Trump's announcement of 25% import tariffs on vehicles and auto parts, with the banking sector down 1.3%. UBS fell 3.8% after a downgrade by BofA, which cited regulatory uncertainties and potential capital requirements of $20-$25 billion. Other banks like Deutsche Bank and Commerzbank also experienced losses, while Handelsbanken dropped 11.7% as it traded ex-dividend. Despite the downturn, banks have seen a 27% increase year to date.
European bank shares fell sharply following President Trump's announcement of 25% tariffs on foreign-made vehicles and auto parts. UBS led the decline with a 3.8% drop after a downgrade by BofA, while other banks like Deutsche Bank and Société Générale also experienced losses. Despite this setback, the banking sector has seen a 27% rise since the start of the year.
European bank shares declined following President Trump's announcement of a 25% import tariff on vehicles and auto parts. UBS fell nearly 5% after a downgrade by BofA, which cited regulatory uncertainties and potential capital requirements of up to $25 billion. Other banks like Deutsche Bank and Societe Generale also experienced losses, while the sector remains up 27% for the year.
US equities fell as President Trump announced a 25% tariff on foreign-made vehicles and parts, effective April 3, raising supply chain concerns. The S&P 500 dropped 1.1%, while defensive sectors like consumer staples led a rotation. In Europe, the ECB's discussions on monetary policy and credit growth data are pivotal, as Norges Bank is expected to cut rates despite rising inflation. Geopolitical tensions persist with stalled ceasefire talks between Ukraine and Russia, as EU leaders convene to address security concerns.
SWE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Ionis Pharmaceuticals maintains focus on Tryngolza launch amid mixed analyst ratings
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