Heinz Huber and Thomas Müller face backlash after their failed Strategy 2025, leading to the dismissal of Uwe Krakau and the scrapping of a malfunctioning super app intended for Raiffeisen"s 3.5 million customers. The costly missteps, including a bloated cost structure and ineffective management, threaten over 100 jobs as the bank attempts to regain stability.
UBS has increased its price target for SAP from 222 to 237 euros, maintaining a "Buy" rating following strong third-quarter results. Analyst Michael Briest noted robust sales momentum and impressive free cash flow of 5 billion euros year-to-date.
UBS has maintained a "Buy" rating for Sanofi, setting a target price of 110 euros, following the announcement of the planned sale of a majority stake in its consumer division, Opella. Analyst Jo Walton expressed optimism about the increased clarity regarding the divestiture, which is expected to yield cash proceeds in the high single-digit billion range.
UBS has reduced its price target for Brenntag from 85 to 80 euros while maintaining a "Buy" rating. Analyst Rory McKenzie noted a lack of near-term growth signs in the industrial and business services sector and has significantly revised his estimates for the chemicals trader. Despite this, the shares remain comparatively undervalued.
UBS has maintained a "Sell" rating for Volvo B, setting a target price of 263 Swedish kronor following disappointing third-quarter results that fell short of expectations. Analyst Hemal Bhundia highlighted the overall underperformance in a report released on October 18, 2024.
UBS has maintained a "Buy" rating for Boeing, setting a price target of $215. Analyst Gavin Parsons noted that a new, higher offer to the union could impact free cash flow by approximately $600 million, while investors anticipate $15 billion in new capital primarily through share issuance.
UBS has maintained its "Buy" rating for Microsoft, setting a target price of $510. Analyst Karl Keirstead noted that recent developments regarding funding for OpenAI and advancements in artificial intelligence have sparked significant interest among Microsoft investors and the tech sector.
UBS has increased its price target for Nordea Bank Abp from 143 to 144 Swedish kronor while maintaining a "Buy" rating. The adjustment follows the bank's quarterly performance, which met expectations, and reflects moderately higher medium-term estimates, indicating the stock remains attractively valued.
UBS has increased its price target for Hannover Re from 238 to 267 euros while maintaining a "Neutral" rating ahead of the third-quarter results. Analyst Will Hardcastle noted that the sector's natural catastrophe budgets were largely depleted, with Hurricane Milton impacting fourth-quarter results, though improvements in tariffs are expected. Munich Re remains Hardcastle's preferred choice among European reinsurers.
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.
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