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J.P. Morgan Payments has expanded its services through partnerships with Walmart and Affirm, enhancing its embedded finance solutions for Walmart Marketplace sellers. This integration allows businesses to manage payments seamlessly while Affirm's pay-over-time options will be available to U.S. merchants using J.P. Morgan's platform, offering consumers flexible repayment plans. These moves position J.P. Morgan and its partners to compete effectively in the evolving retail and BNPL markets.
Barclays has downgraded Volvo, Daimler Truck, and Traton in the European truck sector, citing increasing tariffs, macroeconomic, and regulatory risks, particularly in North America. Analysts express concerns over the sustainability of the sector's recent performance and warn that optimistic market expectations for 2025 may be misplaced. Volvo's stock was cut to Underweight due to margin misses and a challenging outlook, while Traton and Daimler face pressures that limit near-term growth prospects.
Barclays has downgraded Volvo, Daimler Truck, and Traton in the European truck sector, citing increasing tariffs, macroeconomic, and regulatory risks, particularly in North America. Analysts express concerns over the sustainability of the sector's recent performance and warn that optimistic market expectations for 2025 may be overly ambitious. Volvo's stock was specifically criticized for its recent margin misses and a potentially unrealistic outlook, while Traton and Daimler face challenges from rising pressures and strategic limitations.
Barclays analyst Erwann Dagorne has downgraded Volvo AB's stock rating from Equalweight to Underweight, setting a price target of SEK280. The decision stems from concerns over consecutive quarterly misses in Trucks margin and an overly optimistic 2025 outlook amid challenging market conditions, particularly in North America.Despite recent stock outperformance, Dagorne warns that investor complacency may overlook significant headwinds, including currency fluctuations and competitive pressures from peers like Daimler and Traton Group. The upcoming layoffs at Volvo's Dublin plant further highlight the company's struggles in the current economic landscape.
Thomas Burri has been appointed as the Head of Private Wealth Management at ODDO BHF (Schweiz) AG, bringing over 20 years of experience from UBS and Credit Suisse. His expertise will support the firm's ambition to expand its PWM business in Switzerland, alongside Asset Management and Investment Banking.
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.
Thales and Saab have been upgraded to "buy" by UBS, reflecting increased investor confidence in European defence stocks amid a "defence supercycle." European governments are expected to boost military spending significantly, with Thales projected to achieve a 12.6% annual sales growth and Saab anticipating a 25% earnings CAGR through 2030. The shift towards domestic production is expected to favor European firms over American competitors, as the urgency of security needs drives a reassessment of the sector.
Swedish fintech firm Klarna has filed for an initial public offering (IPO) in New York, aiming for a valuation of $15 billion. The company is committed to maintaining high ethical standards in its reporting and transparency regarding potential conflicts of interest among featured investors.
Citigroup has lowered its price target for Costco Wholesale Corporation to $927 from $1,060 while maintaining a neutral rating. Costco specializes in distributing a wide range of products and services at discount prices through a network of 890 warehouse stores across various countries, with the majority of net sales coming from product sales. As of January 2024, the United States accounts for 72.4% of net sales, followed by Canada at 13.7%.
UBS has upgraded Saab to a "buy" rating with a target price of SEK 525. Saab AB is a leading designer and manufacturer of defense and security systems, with sales primarily from defense electronics (33.3%), aeronautics (26.1%), and weapons systems (22.2%). The company generates significant revenue from Sweden (41%) and Europe (24.8%), among other regions.
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j p morgan payments partners with walmart and affirm to enhance services
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16:24 25.03.2025
barclays downgrades volvo traton and daimler truck amid market uncertainties
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14:10 25.03.2025
barclays downgrades volvo daimler and traton amid rising market uncertainties
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13:44 25.03.2025
Barclays downgrades Volvo AB stock to underweight with SEK280 price target
08:35 25.03.2025
Thomas Burri appointed Head of Private Wealth Management at ODDO BHF
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07:40 25.03.2025
Morgan Stanley announces management changes for China A Share Fund
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13:46 24.03.2025
ubs upgrades thales and saab amid european defence supercycle
12:03 24.03.2025
Klarna seeks $15 billion valuation with New York IPO filing
10:52 24.03.2025
citigroup lowers costco price target while maintaining neutral rating
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10:25 24.03.2025
ubs upgrades saab to buy with target price of sek 525
08:15 24.03.2025
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