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UBS has reaffirmed its 'buy' recommendation on ABN Amro while lowering its price target from 19.5 to 18.1 euros, indicating a potential upside of 17% for the stock. The revision comes ahead of the third-quarter results, reflecting adjustments in EPS forecasts for 2025 and beyond due to lower interest rates, increased costs, and recent AT1 issues.
UBS has maintained a 'Neutral' rating for Pernod Ricard, setting a target price of 138 euros. Analyst Sanjeet Aujla noted that the decline in sales, excluding acquisitions, was more significant than anticipated, largely due to weakness in the Asian market.
UBS has rated Pernod Ricard as 'Neutral' with a target price of 138 euros. The company leads in premium and prestige spirits and wines, with net sales primarily from international brands (61.8%), local brands (18.2%), craft spirits (7.3%), and strategic wines (3.6%). Geographically, sales are distributed across Europe (28.3%), America (28.8%), and other regions (42.9%), supported by 94 production sites worldwide.
UBS has reaffirmed its 'buy' recommendation on ABN Amro while lowering its price target from €19.5 to €18.1, indicating a potential upside of 17% for the stock. The broker anticipates double-digit EPS revisions for 2025 and beyond, influenced by lower interest rates, increased costs, and recent AT1 issues.
UBS has maintained a "Neutral" rating for Pernod Ricard, setting a target price of 138 euros, following disappointing sales figures that fell more than anticipated, particularly in Asia. Analyst Sanjeet Aujla noted that expectations for the spirits manufacturer have declined recently.
UBS has reduced its target price for Puma SE from 48.50 to 43.50 euros, maintaining a "Neutral" rating. Analyst Robert Krankowski noted that Puma is currently facing challenges, with profitability expectations for 2025 becoming increasingly difficult to meet.
The global asset management industry, managing €42 trillion, faces significant challenges as profit margins decline and competition intensifies. A study by ZEB highlights that while AuM grew by 8.8% annually from 2019 to 2023, costs have stagnated, prompting firms to prioritize cost reduction and digitalization, particularly through AI. Many asset managers plan to enhance their offerings in alternative investments, although understanding of digital tools remains limited.
Debt-for-nature swaps, initially structured by Credit Suisse, are gaining traction on Wall Street, with several banks, including JPMorgan and Goldman Sachs, entering the market. These instruments aim to refinance government debt while funding sustainable projects, attracting private investment and potentially creating a new asset class. As interest grows, at least $1.6 billion has been issued for such deals, signaling a shift towards monetizing biodiversity protection efforts.
Investors are advised to reduce their US dollar exposure as it is expected to weaken further due to anticipated interest rate cuts and concerns over the fiscal deficit. Recommended strategies include hedging USD assets, diversifying into international currencies like the euro and Swiss franc, and allocating up to 5% to gold. Geopolitical tensions and economic uncertainties are likely to support gold prices amid a depreciating dollar.
Berner Kantonalbank (BEKB) demonstrates stable performance amid market volatility, with a current share price of EUR 247.50, reflecting a 1.85% increase over the past month. The bank's solid dividend yield of 4.13% and a P/E ratio of 13.19 indicate a fair valuation, suggesting a balanced growth and profitability outlook. Recent analysis calls for shareholders to consider their positions, weighing the options to buy or sell.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs lowers abn amro price target while maintaining buy recommendation
10:16 17.10.2024
ubs maintains neutral rating for pernod ricard with target price of 138 euros
10:15 17.10.2024
ubs rates pernod ricard neutral with target price of 138 euros
10:15 17.10.2024
ubs lowers abn amro price target while maintaining buy recommendation
10:13 17.10.2024
UBS maintains neutral rating for Pernod Ricard amid sales decline
09:29 17.10.2024
ubs cuts puma se target price to 43.50 euros maintains neutral rating
09:27 17.10.2024
challenges ahead for asset management as profit margins decline
09:01 17.10.2024
debt for nature swaps gain traction among major banks on wall street
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09:00 17.10.2024
investors advised to reduce us dollar exposure amid expected depreciation
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