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UBS has downgraded Scor from Buy to Neutral, maintaining a target price of €28.70, citing limitations on dividend payouts due to high gearing, weak capital generation, and Solvency II ratio quality. The reinsurer, the fifth-largest globally, focuses on life and health, property & casualty, and investments, with a commitment to innovation and environmental sustainability. Challenges include sensitivity to natural catastrophes and currency fluctuations, alongside ongoing arbitration regarding the US life portfolio sale to Covea.
UBS has downgraded Scor from Buy to Neutral, maintaining a target price of 28.70 euros. The firm cites a ceiling on share value due to dividend yield, despite a low payout ratio, and identifies three factors limiting higher payouts: higher gearing, disappointing capital generation, and Solvency II ratio quality.
UBS has downgraded its recommendation on Scor from 'buy' to 'neutral', while keeping the target price at €28.7, indicating only a 4% upside potential for the shares. The downgrade is attributed to concerns over debt leverage, capital generation, and solvency quality, which limit the company's growth prospects.
UBS has downgraded its recommendation on Scor from 'buy' to 'neutral', while keeping the price target at 28.7 euros, indicating only a 4% upside potential for the shares. The downgrade is attributed to concerns over debt leverage, capital generation, and solvency quality, which limit the company's growth prospects.
UBS has downgraded its recommendation for Scor, as reported by Cercle Finance. BOURSORAMA, acting solely as a distribution channel, emphasizes that it has not influenced the analysis and holds no responsibility for its content. The institution maintains a conflict of interest management policy to ensure objectivity in its investment recommendations.
UBS has reduced its target price for Symrise from 128 to 121 euros while maintaining a "buy" rating. Analyst Charles Eden anticipates that upcoming quarterly figures will reveal lower organic sales growth than previously expected, although he believes the company's annual targets remain achievable. The adjustment in the price target is primarily attributed to a decline in industry valuation.
German retailers experienced unexpected sales growth in February, with revenues rising by 0.8% month-on-month and 4.9% year-on-year in real terms. Analysts had anticipated stagnation, but the positive trend, along with an upward revision of January's figures, suggests a potential boost to GDP growth from private consumption in the first quarter. The German Retail Association projects a 2% increase in retail sales for the year, reaching 677 billion euros.
UniCredit Spa's board has approved a capital increase to support a full takeover bid for Banco BPM, excluding pre-emptive rights. This decision, made on March 30, follows a proxy from an extraordinary shareholders' meeting on March 27, and aims to issue new shares for Banco BPM shareholders. Additional documentation will be released on March 31, including a fairness opinion from KPMG.
Rupert Reif will take over as Group Spokesman and head of Group Communications at Raiffeisen-Holding Niederösterreich-Wien and Raiffeisenlandesbank Niederösterreich-Wien starting April 1, 2025. Previously, he served as Deputy Head of Cabinet and Press Spokesman for the Federal Chancellor, with a background in economic and European policy communication. Reif aims to enhance the public image of Raiffeisen through strategic positioning and innovative communication approaches.
UBS has reduced its price target for CTS Eventim from 120 to 116 euros while maintaining a "Buy" rating. Analyst Olivier Calvet anticipates strong growth in the ticket business for 2025, viewing the company's live event targets as conservative, despite lowering growth forecasts but slightly increasing margin expectations.
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ubs downgrades scor to neutral amid concerns over dividend yield and capital generation
10:30 31.03.2025
ubs downgrades scor to neutral citing dividend yield and capital concerns
10:30 31.03.2025
ubs downgrades scor to neutral citing limited upside potential and risks
10:28 31.03.2025
ubs downgrades scor to neutral citing limited upside potential and risks
10:25 31.03.2025
ubs downgrades recommendation for scor amid market analysis concerns
10:25 31.03.2025
UBS reduces Symrise price target to 121 euros while maintaining buy rating
10:11 31.03.2025
German retail sales rise unexpectedly in February signaling economic growth
09:52 31.03.2025
unicredit announces capital increase for takeover bid on banco bpm
09:48 31.03.2025
Rupert Reif appointed Group Spokesman of Raiffeisen NÖ-Wien effective April 2025
Euro
Raiffeisenlandesbank Niederösterreich- Wien AG
RAIFFEISEN-HOLDING NIEDERÖSTERREICH- WIEN eG
AUT
Rupert Reif
09:47 31.03.2025
ubs lowers price target for cts eventim but maintains buy rating
09:38 31.03.2025
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