{
}
Switzerland's Federal Council has opted not to adopt the EU's new sanctions requiring companies to ensure their foreign subsidiaries comply with restrictions against Russia, a decision criticized by the Social Democrats and the US ambassador. While supporting sanctions is essential, the proposed extraterritorial application is legally problematic and lacks effective enforcement mechanisms. Instead, Switzerland should focus on strengthening its own regulatory capabilities to monitor and address potential circumventions of sanctions within its territory.
Datadog's shares rose 1.4% to $128 after UBS upgraded the cloud security firm to 'buy' from 'neutral', raising the price target by $25 to $150, indicating a potential 19% upside. UBS noted signs of spending improvement in the cloud infrastructure sector, which could support Datadog's growth rate in the coming quarters. Currently, 11 brokerages recommend a "strong buy," while 27 suggest "buy," with a median price target of $150.
MedAxiom has partnered with Shockwave Medical to promote the benefits of intravascular lithotripsy (IVL) technology, which effectively breaks up severely calcified plaques in arteries. Acquired by Johnson & Johnson MedTech, Shockwave's IVL has received FDA approval for treating both peripheral arterial disease and coronary artery disease, showing significant improvements in PCI outcomes. MedAxiom, a consulting firm focused on cardiology, aims to navigate the complexities of the healthcare environment for heart teams.
UBS Global Wealth Management has upgraded its view on U.S. equities to attractive, driven by the increasing adoption of artificial intelligence and supportive domestic and global factors, including China's recent stimulus measures. The S&P 500 has surged 22% this year, achieving 46 record-high closes, indicating further potential gains ahead.
CVS Health CEO Karen Lynch is stepping down after nearly four years amid shareholder pressure and a significant drop in stock value, which has fallen nearly 26% this year. David Joyner, a company veteran, will succeed her as the company navigates challenges including multiple profit forecast cuts and rising medical costs.
Truist Financial Corporation, a financial holding company, operates primarily in banking and financial services. By the end of 2020, it had a network of 2,781 branches across the U.S., with current deposits totaling USD 363.3 billion and current loans amounting to USD 314.5 billion. UBS has reiterated its buy recommendation for the company.
Global-E Online Ltd., an Israel-based software manufacturer, specializes in cross-border e-commerce through its Global-e platform. The company offers end-to-end solutions that enhance international sales for retailers and brands by leveraging localization, big data, and logistics. With seven global offices, it is a key partner for businesses in the U.S., Europe, and Asia.
Equifax Inc. has received a Buy rating from UBS, highlighting its role in providing information services to individuals and businesses. The company specializes in solutions for collecting, processing, and managing data to enhance decision-making, particularly in credit risk management and fraud prevention. Geographically, its net sales are primarily from the United States (76.7%), followed by Australia (6%), the United Kingdom (5.1%), Canada (4.9%), and other regions (7.3%).
Datadog's stock surged after UBS analyst Karl Keirstead upgraded it from Neutral to Buy, raising the price target from $120 to $150, indicating an 18% upside. Morgan Stanley's Sanjit Singh also maintained a Buy rating with a target of $137, reflecting strong bullish sentiment. Analysts anticipate growth driven by the AWS/Azure cloud sector, with revenue growth estimates for 2025 and 2026 now projected at 25-30%.
UBS Global Wealth Management has raised its price target for the S&P 500, citing broadening earnings growth, anticipated Federal Reserve rate cuts, and an improving inflation environment as key factors. This adjustment reflects a more optimistic outlook for the stock market.
United States Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Switzerland's Struggle with Sanctions Against Russia and Its Neutrality Policy
18:44 18.10.2024
Datadog shares rise after UBS upgrades to buy with positive growth outlook
United States Dollar
Microsoft Corporation
Datadog, Inc.
Amazon.com, Inc.
USA
Lance Tupper
Show more
18:16 18.10.2024
MedAxiom partners with Shockwave Medical to advance intravascular lithotripsy technology
United States Dollar
American College OF Cardiology Foundation
MedAxiom
Johnson & Johnson
Shockwave Medical Inc.
U.S. Food and Drug Administration
USA
Show more
17:39 18.10.2024
ubs upgrades outlook on us stocks citing ai and market gains
17:35 18.10.2024
cvs health ceo karen lynch steps down amid shareholder pressure
United States Dollar
CVS Health Corporation
Signify Health Inc.
Oak Street Health Inc.
Aetna Better Health Inc.
USA
Devika Syamnath
David Joyner
Christy Santhosh
Karen Lynch
Show more
17:28 18.10.2024
ubs maintains buy rating for truist financial corporation amid strong performance
17:02 18.10.2024
ubs gives buy rating to global e online ltd for growth potential
17:01 18.10.2024
ubs issues buy rating for equifax inc amid strong information services growth
17:01 18.10.2024
Datadog stock surges on bullish analyst upgrades and positive market sentiment
16:59 18.10.2024
ubs raises s p 500 price target on growth and rate cut expectations
16:49 18.10.2024
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Industry Mergers & Acquisitions
Workplace Trends
Global Financial Events
Banking Regulations
Finance Mergers & Acquisitions
Retail and Consumer Goods
CEO Changes
Market Analysis and Predictions
Startups & Entrepreneurship
Government Policies
Central Bank Actions
Global Trade Developments
Domestic Politics
Financial Scams and Security
Private Equity Deals
Government Economic Policies
Supply Chain Management
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
Credit Suisse Lux Digital Healt
Bank of America Corporation
UBS Group AG
Deutsche Bank Money Market PP
The Goldman Sachs Group, Inc.
BNP Paribas SA
Apple Inc.
Wells Fargo & Company
UniCredit S.p.A.
Commerzbank AG
Banco BPM S.p.A.
Banco Santander, S.A.
SpaceXCoin USD
Morgan Stanley
Amazon.com, Inc.
Danske Bank A/S
NVIDIA Corporation
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Hong Kong Dollar
Danish Krone
South Korean Won
Australian Dollar
Singapore Dollar
Offshore Chinese Yuan
Russian Ruble
Canadian Dollar
Mexican Peso
United Arab Emirates Dirham
Indonesian Rupiah
Turkish Lira
Chilean Peso
People: