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UBS has initiated coverage of Manchester United and Juventus, favoring the former due to its potential for revenue growth linked to Champions League participation. While Manchester United's stock is seen as having a better outlook, Juventus faces challenges with its balance sheet and limited revenue growth unless it advances in European competitions. The bank forecasts Manchester United's revenues could reach £672 million for the financial year ending June 2025, while Juventus is expected to break even with sales of 528 million euros.
UBS has initiated coverage on Juventus Football Club with a "Sell" recommendation and a target price of 2.9 euros per share, citing challenges in achieving profitability due to a lower revenue base compared to European peers. The report emphasizes the difficulty of improving performance in European competitions or achieving significant cost reductions without impacting performance. Additionally, UBS has given Manchester United a "Buy" rating with a target price of $23 per share.
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.
Raiffeisen banking group faces significant risks due to its Russian operations and loans to René Benko's SIGNA, with potential total losses threatening its stability. The European Central Bank is closely monitoring the situation, fearing a chain reaction that could impact regional banks. Sanctions from the US and the possibility of Russian nationalization further complicate the bank's future, as it struggles to transfer trapped profits from its Russian subsidiary.
UBS has reiterated its buy recommendation for Heineken, maintaining a target price of €85, indicating a potential 22% upside. While first and fourth-quarter volumes may disappoint, improved EBIT expectations and positive signs in emerging markets could support a recovery in the stock.
UBS has reiterated its buy recommendation for Heineken, maintaining a target price of €85, indicating a potential upside of 22%. While first and fourth-quarter volumes may be disappointing, improved EBIT expectations and positive signs in emerging markets could support a recovery in the stock.
Cryptocurrency is rapidly overtaking traditional finance, with Jamie Coutts highlighting that centralized and decentralized exchanges are growing 2.5 to 4 times faster than traditional markets. Coinbase holds 11% of global exchange revenue, while decentralized exchanges now account for 5% of total market revenue, surpassing major exchanges like the Hong Kong Stock Exchange. Coutts predicts the DeFi sector will expand 4 to 5 times next year, with new protocols potentially outpacing Ethereum, Solana, and Bitcoin.
UBS has initiated coverage of Jenoptik with a "buy" rating and a target price of 29 euros, highlighting the company's underestimated potential as a technology leader. Analyst Olivier Calvet pointed out the promising prospects in the photonics segment, suggesting significant share price growth over the next year, even with conservative forecasts for 2025.
UBS has initiated coverage of JENOPTIK with a "buy" rating and a target price of 29 euros, highlighting the company's underestimated potential, particularly in the photonics segment. Analyst Olivier Calvet anticipates significant share price growth over the next year, even with conservative forecasts for 2025. Following the announcement, JENOPTIK shares rose 3.71% to 22.34 euros in XETRA trading.
Investors are increasingly divesting from the UBS ETF - MSCI World Socially Responsible ETF A, which recently experienced a slight decline of 0.01 percent, bringing its value to EUR 164.92. The fund, which started the trading day at EUR 165.04, saw 5,938 shares traded and reached a 52-week low of EUR 129.10 on January 5, 2024.
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UBS Prefers Manchester United Over Juventus Amid Financial Concerns
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UBS Initiates Sell Recommendation for Juventus with Target Price of 2.9 Euros
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UBS Initiates Coverage on Manchester United Buy and Juventus Sell Ratings
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Raiffeisen Banking Group Faces Major Risks Amid Russian Sanctions and Loans
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UBS Maintains Buy Rating on Heineken with 22 Percent Upside Potential
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cryptocurrency outpacing traditional finance with significant growth in decentralized exchanges
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UBS Initiates Buy Rating for Jenoptik with Target Price of 29 Euros
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UBS Initiates Buy Rating for JENOPTIK with Target Price of 29 Euros
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