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UBS has reduced its price target for Nestle from 91 to 83 francs while maintaining a "Neutral" rating. Analyst Guillaume Delmas noted that management is hesitant to confirm its organic growth target of 4 to 6 percent, indicating a shift towards outperforming the food and beverage market instead of adhering to fixed goals. Ongoing challenges in certain sectors, particularly frozen food in the US, may lead to further divestments to enhance sales growth and margins.
In September, Swiss rents saw a slight increase, with the overall index rising by 0.2 points to 128.1. The canton of Schwyz experienced the highest monthly rise at 3.1%, while rents fell in Schaffhausen, Graubünden, and Valais. Year-on-year, Schwyz and Zug led with increases of 11.4% and 11.1%, respectively, while cities like Lucerne and Zurich also reported significant gains.
In September, Swiss rents saw a slight increase, with the overall index rising by 0.2 points to 128.1. The canton of Schwyz experienced the highest monthly rise at 3.1%, while year-on-year, rents surged by 3.9%, with Schwyz and Zug leading with increases of 11.4% and 11.1%, respectively. Notably, Basel recorded the strongest city increase at 1.1%, while Lausanne saw a decline of 0.5%.
UBS has maintained a "Neutral" rating for ABB, setting a target price of 50 francs. Analyst Andre Kukhnin noted that the company's third quarter performance was solid, highlighting its position amid the growing electrification sector and the cyclical challenges in automation.
UBS has reduced its target price for Nestlé from 91 to 83 francs while maintaining a "Neutral" rating. Analyst Guillaume Delmas noted that management is hesitant to confirm its organic growth target of 4 to 6 percent, indicating a shift towards outperforming the food and beverage market instead of adhering to fixed goals. Ongoing challenges in certain sectors, particularly frozen food in the US, may lead to further divestments to enhance sales growth and margins.
UBS has reduced its price target for Nestlé from 91 to 83 francs while maintaining a "Neutral" rating. Analyst Guillaume Delmas noted management's hesitance to confirm an organic growth target of 4 to 6 percent, indicating a shift towards outperforming the market rather than adhering to fixed goals. Ongoing challenges in certain sectors, particularly frozen food in the US, may lead to further divestments.
A year ago, an investment of CHF 10,000 in Banque Cantonale du Jura SA shares would have yielded 203,252 shares, now valued at CHF 11,483.74, reflecting a 14.84% increase. The share price rose from CHF 49.20 to CHF 56.50, with the company's market value at CHF 169.26 million.
UBS shares rose by 0.5% to CHF 28.31 in morning trading, with a peak of CHF 28.35. The stock is currently 26.25% above its 52-week low of CHF 20.88 and 1.66% away from its 52-week high of CHF 28.78. The dividend forecast for this year is USD 0.823, up from CHF 0.640 last year, with Q3 2024 earnings expected on October 30, 2024.
In September, rental prices in Switzerland saw a slight increase, with the overall index rising by 0.2 points to 128.1. The canton of Schwyz experienced the highest monthly rise at 3.1%, while year-on-year, it also led with an 11.4% increase. Notably, cities like Basel and Lucerne reported significant annual rent hikes of 1.1% and 8.2%, respectively, while Lausanne saw a decrease of 0.5%.
Credit Suisse AT1 bondholders are facing a prolonged wait for a decision on their claims, with a ruling on the legality of the CHF 80 million damages lawsuit against Switzerland not expected until February 2025. The case stems from the Swiss Financial Market Supervisory Authority's controversial write-off of the bonds after the bank's collapse. Legal representation for Switzerland is led by prominent litigator William Savitt in a New York Federal Court.
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ubs cuts nestle price target to 83 francs maintains neutral rating
11:13 18.10.2024
Swiss rental prices see slight increase with notable regional variations
11:12 18.10.2024
Swiss rental prices see slight increase with notable regional variations
11:12 18.10.2024
UBS maintains neutral rating for ABB with target price of 50 francs
11:11 18.10.2024
UBS reduces Nestle target price amid growth strategy reassessment
10:25 18.10.2024
UBS lowers Nestlé price target amid growth strategy reassessment
10:25 18.10.2024
banque cantonale du jura sa shares yield 14.84 percent return in one year
10:02 18.10.2024
UBS shares rise as trading volume increases and earnings outlook improves
09:29 18.10.2024
swiss rental prices rise in september with significant regional variations
09:23 18.10.2024
credit suisse at1 bondholders await legal decision on write-off claims
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