UBS has raised its price target for Munich Re shares from 540 to 555 euros but downgraded the rating from "Buy" to "Neutral." Analyst Will Hardcastle cited appropriate valuation and price risks in the upcoming renewals, noting that the higher profit target for 2025 is unlikely to lead to increased shareholder distributions.
UBS has increased its price target for Netflix from $825 to $1,040, maintaining a "Buy" rating. Analyst John Hodulik noted that Netflix is well-positioned to benefit from the ongoing structural changes in the media sector, leading to higher long-term estimates for operating profit and cash flow.
Heinz Huber, CEO of Raiffeisen Switzerland, will resign unexpectedly on December 31, 2024, to become Chairman of Graubündner Kantonalbank (GKB) in July 2025. Christian Poerschke will serve as interim CEO during the transition, as the bank seeks both internal and external successors. Huber's tenure at Raiffeisen saw significant growth despite challenges, including a scandal that impacted the bank's reputation.
Heinz Huber, chair of Raiffeisen Switzerland, will transition to president of Graubündner Kantonalbank (GKB) on July 1, 2025, after nearly six years at Raiffeisen. His departure, surprising given his recent commitment to Raiffeisen, follows a period of significant financial success, with profits soaring to 1.39 billion Francs. Huber's new role comes amid leadership changes at GKB, as he aims to drive innovative banking practices and growth strategies.
UBS has maintained a 'Neutral' rating for Renault, setting a target price of 41 euros, amid speculation about a potential merger between Nissan and Honda. Analyst David Lesne noted Renault's previous intentions to reduce its stake in Nissan, suggesting that a merger could facilitate share sales to strategic partners or Honda.
UBS has increased its price target for Microsoft from $500 to $525, maintaining a "Buy" rating. Analyst Karl Keirstead highlighted strong cost control and provided an update on the company's AI developments. Microsoft has seen a remarkable 357% gain since its initial recommendation.
Heinz Huber's unexpected departure as CEO of Raiffeisen Switzerland follows a successful tenure marked by significant growth, including a rise in group profit from CHF 835 million to CHF 1.39 billion. Despite expanding its client base amid Credit Suisse's decline, the bank faced setbacks in digital services, notably with a delayed app launch. Huber will take over as President of Graubünden Kantonalbank, succeeding Peter Fanconi amid scrutiny over a controversial loan.
UBS has increased its price target for Microsoft from $500 to $525, maintaining a "Buy" rating. Analyst Karl Keirstead highlighted the company's strong cost control and provided an update on its AI developments. Microsoft has seen a remarkable 357% gain since its initial recommendation.
Heinz Huber, CEO of Raiffeisen Switzerland, will step down at the end of 2024 after nearly six years in the role. Christian Poerschke will serve as interim CEO starting January 1, 2025, while Huber transitions to chairman of Graubündner Kantonalbank in July 2025. Under Huber's leadership, Raiffeisen's income rose to CHF4.1 billion, with a profit increase of 17.7% to CHF1.39 billion last year.
Heinz Huber will step down as CEO of Raiffeisen Switzerland on December 31, 2024, after nearly six years, transitioning to Chairman of Graubündner Kantonalbank in July 2025. Christian Poerschke will serve as interim CEO starting January 1, 2025, as the board begins the succession process. Under Huber's leadership, Raiffeisen expanded its business, achieving a 15% increase in income to 4.1 billion Swiss francs and a 17.7% rise in profit to 1.39 billion Swiss francs last year.
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