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Boliden shares rose over 3% after UBS upgraded the stock to a 'neutral' rating, citing a favorable outlook following the acquisition of Neves Corvo and Zinkgruvan. While the deal is expected to enhance earnings, challenges such as declining mined grades and a tough smelting outlook persist. UBS raised its price target to SEK310 per share, indicating a more balanced risk-reward profile despite ongoing hurdles.
Boliden shares rose over 3% after UBS upgraded the stock to a 'neutral' rating, citing a favorable outlook following the acquisition of Neves Corvo and Zinkgruvan. While the deal is expected to enhance earnings, challenges such as declining mined grades and a tough smelting outlook persist. UBS raised its price target to SEK310 per share, indicating a more balanced risk-reward profile despite ongoing hurdles.
UBS has upgraded Boliden AB's stock rating from Sell to Neutral, raising the price target to SEK310. Despite challenges like lower mined grades and potential equity issuance in 2025, the analyst highlights the positive impact of recent acquisitions and anticipated improvements in mining grades and smelter earnings. The assessment suggests a more balanced risk-reward scenario for Boliden moving forward.
Forward-looking information carries inherent risks and uncertainties that may lead to actual results differing significantly from projections. Factors influencing this include the acceptance of Valour ETPs, the growth of decentralized finance, regulatory changes, and broader economic conditions. Sei, a high-performance Layer 1 blockchain, enhances decentralized trading with low transaction costs and instant finality, while various Valour ETPs track cryptocurrencies like Worldcoin, Aptos, Fetch.ai, Render, and Aerodrome Finance, each contributing to unique aspects of the digital economy.
Klarna, a leading buy-now-pay-later provider, has been fined 500 million Swedish kronor (approximately 40 million Swiss francs) by Sweden's Finansinspektionen for significant deficiencies in anti-money laundering compliance between 2021 and 2022. The company is currently preparing for a U.S. IPO, estimated to value it at up to $20 billion, despite a dramatic drop in valuation from $46 billion in 2021 to $6.7 billion in 2022.
TUI AG, a Germany-based global tourism group, operates through three main segments: Hotels & Resorts, Cruises, and TUI Musement, across Northern, Central, and Western regions. The Hotels & Resorts segment includes group-owned hotel brands, while the Cruises segment features TUI Cruises and Marella Cruises. TUI Musement provides local services at holiday destinations, with regional operations covering the UK, Ireland, Germany, Austria, Poland, Switzerland, Belgium, the Netherlands, and France.
UBS has reiterated its buy recommendation for Assa Abloy, maintaining a target price of SEK 360. The analyst anticipates organic growth of approximately 1% and a margin of 16.3% for the fourth quarter, while the CEO emphasized ongoing investment in innovation and an acquisition strategy, aiming for an operating margin of 16% to 17%.
UBS has reiterated its buy recommendation for Assa Abloy, maintaining a target price of SEK 360, anticipating a solid fourth quarter with organic growth of around 1% and a margin of 16.3%. CEO Nico Delvaux emphasized the commitment to an acquisition strategy and innovation, keeping the target operating margin at 16% to 17%.
UBS has reiterated its buy recommendation for Assa Abloy, maintaining a target price of SEK 360, anticipating solid performance in the upcoming quarter with an expected organic growth of around 1% and a margin of 16.3%. CEO Nico Delvaux emphasized the commitment to an acquisition strategy and innovation, keeping the target operating margin at 16% to 17%.
SBB shares could see an 80% increase, according to Arctic Securities analysts, who have set a target price of 6 kronor ($0.55) per share. This optimistic outlook comes ahead of a significant court case involving hedge fund Fir Tree Partners, though the investment is deemed risky.
Swedish Krona
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Boliden shares rise after UBS upgrades stock to neutral rating
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TUI AG maintains neutral rating amid diverse tourism operations and segments
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12:30 11.12.2024
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