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UBS has initiated coverage of Manchester United with a "Buy" rating and a price target of $23 per share, citing strong revenue potential and a path to profitability linked to a return to the Champions League. In contrast, Juventus received a "Sell" rating with a price target of €2.90 per share, as UBS foresees limited revenue growth and challenges in achieving profitability despite the club's strong on-field performance.
UBS has upgraded LSEG to a ‘buy’ rating from ‘neutral’ and raised its price target by 17% to 13,500p. The firm anticipates accelerated revenue growth, a 100 basis points annual EBITDA margin expansion, and a 15% annual EPS growth over the next three years, suggesting a potential 20-25% upside if expectations are met. Despite these positive forecasts, LSEG is still valued significantly lower than US and EU Info Services peers.
UBS has upgraded the London Stock Exchange (LSE) from "Neutral" to "Buy," raising the price target from 11,500 to 13,500 pence. Analyst Michael Werner noted that despite recent strong performance, LSE shares remain relatively cheap, with expected profit growth of 15% annually until 2027, making it an attractive investment. The upcoming quarterly report is anticipated to be a key price driver, particularly in comparison with competitors.
UBS has upgraded the London Stock Exchange (LSE) to a 'Buy' rating, setting a target price of 13,500 pence. Investors are cautioned about the significant risks associated with trading financial instruments and cryptocurrencies, which can lead to substantial losses. It is advisable to seek independent advice before engaging in such trading activities.
Manchester United has received a 'buy' rating from UBS, driven by confidence in the club's potential return to top-tier football. Analysts noted the club's strong revenue base and new management's focus on cost management, which could lead to Champions League participation by the 2028 season and a revenue boost to £800 million. Additionally, plans for a full stadium redevelopment at Old Trafford could generate an extra £200 million in revenue.
The UK FCA has introduced a discussion paper aimed at enhancing transparency and fairness in the crypto market, addressing market abuse and improving admission and disclosure standards. With only 10% of crypto firms meeting the new stringent regulations, the FCA emphasizes the ongoing risks associated with crypto-assets and the need for consumer protection. This initiative seeks to create a safer trading environment while combating fraudulent activities in the sector.
UBS has upgraded the London Stock Exchange (LSE) shares from "Neutral" to "Buy," increasing the target price from 11,500 to 13,500 pence. Analyst Michael Werner noted that despite recent strong performance, the shares remain relatively cheap, with expected profit growth of 15% annually until 2027, presenting an attractive risk/reward profile. The upcoming quarterly report is anticipated to be a key price driver, particularly in comparison to competitors.
UBS has adopted a positive outlook on the London Stock Exchange Group Plc, a prominent European stock exchange. The company's revenue sources are primarily from stock market information and analytical data (69.9%), trading services (19.2%), and post-trading services (10.9%). Geographically, revenue distribution includes the United Kingdom (30.9%), Europe (14.9%), the United States (36.6%), Asia (12.3%), and other regions (5.3%).
Asian stocks fluctuated as the dollar remained stable ahead of key central bank meetings, with expectations of a U.S. rate cut and the Bank of Japan maintaining its current stance. Bitcoin hovered near its record high, while the yen struggled amid low rate hike prospects. The Fed's upcoming dot plot will be closely watched for indications of future monetary policy adjustments.
The Financial Conduct Authority (FCA) is seeking industry feedback on a discussion paper aimed at enhancing regulations in the UK crypto market to combat abuse and improve transparency. With 12% of UK adults now owning crypto, the FCA emphasizes the need for robust internal measures among trading platforms to ensure market integrity and protect consumers. Stakeholders are invited to provide input by March 14, 2025, ahead of a forthcoming Consultation Paper.
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