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UBS has upgraded Air France-KLM from Buy to Neutral, lowering the price target from €12.05 to €11.45, citing a 16% rise in share price this year reflecting improved earnings outlook. The group aims for a 50% reduction in CO2 emissions by 2030 and plans to optimize net investments below €3 billion for 2024. Despite challenges, including a hiring freeze and increased unit costs, the company expects a 4% capacity increase in Available Seat Kilometers for 2024.
Asian shares showed mixed results, with Chinese markets declining after a rally on Wall Street driven by tariff hopes. The Nikkei 225 rose 0.3%, while Hong Kong's Hang Seng fell 2.2%. U.S. futures dipped slightly, and oil prices remained stable as investors await key economic updates this week.
Kevin Sneader of Goldman Sachs warns that while the US economic outlook is dimming due to trade tensions, Asia tends to overreact to market noise. He identifies three key risks for the region: significant tariffs, geopolitical uncertainty, and a domestic slowdown in China. Despite these challenges, Sneader encourages investors to remain diversified and not overlook opportunities in the US market.
Goldman Sachs has downgraded Quanta Computer Inc. from Buy to Neutral, lowering the price target to NT$293.00 due to reduced forecasts for rack-level AI server volumes in 2025 and 2026. The firm anticipates a drop in expected units, reflecting uncertainties in demand and supply, while still expecting a strong second quarter of 2025 for Taiwan's ODM/cooling supply chains. However, caution remains regarding potential negative impacts during the product transition period in the third quarter of 2025.
Jollibee Foods Corporation is expanding its coffee and tea business, which includes brands like Compose Coffee and Coffee Bean & Tea Leaf, to strengthen its position in the competitive F&B market in the Philippines. This move may lead to a clash with VC-backed startups like Pickup Coffee and Zus Coffee, which are targeting younger consumers.In other news, Swiggy has launched a new B2B platform, Assure, to provide locally sourced fresh ingredients, while the IndiaAI Mission and the Gates Foundation are collaborating to enhance AI solutions across various sectors.
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%.
Korean AI chipmaker FuriosaAI has turned down an $800 million acquisition offer from Meta Platforms Inc., choosing to remain independent and focus on growth. Founded eight years ago and led by June Paik, the company specializes in AI inference semiconductors and is currently engaging with clients like LG AI Research and Saudi Aramco. FuriosaAI plans to close an extended Series C funding round soon and is considering a future initial public offering.
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music media, with telephony products, primarily the iPhone, accounting for 51.4% of sales. Other segments include peripherals (9.5%), computers (7.7%), music media (6.8%), and various services (24.6%). Geographically, sales are distributed across the Americas (42.7%), China-Hong Kong-Taiwan (17.1%), Japan (6.4%), Asia-Pacific (7.9%), and Europe-India-Middle East-Africa (25.9%).
Wells Fargo has lowered its price target on Monolithic Power Systems to $665 from $710 while maintaining an Equalweight rating. The company specializes in high-performance semiconductor-based power electronics, with significant sales in IT and data storage (44.7%), automotive (21.7%), and consumer electronics (12.9%). Geographically, 51.3% of net sales come from China, followed by Taiwan (16.9%) and South Korea (9.3%).
BNP Paribas Exane has revised its price target for Micron Technology to $75 from $70 while maintaining an underperform rating. Micron specializes in semiconductors, with a diverse product range including memory products and systems, and generates significant sales from IT infrastructure and mobile devices. The company operates 11 manufacturing sites globally, with the majority of its net sales coming from the United States.
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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 amid rising share price
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10:35 25.03.2025
Asian markets mixed as Chinese shares decline following Wall Street rally
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05:57 25.03.2025
global economic outlook faces uncertainty as asia reacts to us market shifts
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02:49 25.03.2025
Goldman Sachs downgrades Quanta Computer stock amid AI server volume concerns
11:18 24.03.2025
jollibee expands coffee business amid competition from emerging startups
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10:30 24.03.2025
citigroup lowers costco price target while maintaining neutral rating
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10:25 24.03.2025
FuriosaAI rejects Metas 800 million acquisition offer to remain independent
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09:30 24.03.2025
apple inc maintains neutral rating with diverse product sales breakdown
07:26 24.03.2025
wells fargo lowers price target for monolithic power systems to 665
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16:04 21.03.2025
bnp paribas exane raises price target on micron technology to seventy five dollars
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11:41 21.03.2025
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