Heinz Huber is stepping down as CEO of Raiffeisen Switzerland after nearly six years, with plans to become Chairman of Graubündner Kantonalbank in July 2025. Christian Poerschke, currently Head of the Finance and Services Department, will serve as interim CEO starting January 1, 2025. The Board of Directors has begun the succession process.
Heinz Huber, CEO of Raiffeisen Switzerland since January 2019, will step down at the end of the year to become Chairman of the Board of Directors at Graubündner Kantonalbank in July 2025, succeeding Peter Fanconi. Huber's tenure saw significant growth for Raiffeisen, despite recent turbulence, including the departure of COO Uwe Krakau following a failed app launch. Christian Poerschke will serve as interim CEO while a succession plan is underway.
UBS has maintained a 'Buy' rating for Vinci, setting a target price of 132 euros following strong November traffic figures. Analyst Gregor Kuglitsch noted solid growth in airport traffic, while calendar effects positively influenced highway sector performance.
Heinz Huber, CEO of Raiffeisen Switzerland, will resign unexpectedly to become Chairman of Graubündner Kantonalbank (GKB) in July 2025. Christian Poerschke will serve as interim CEO starting January 1, 2025, 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.
UBS has upgraded the London Stock Exchange (LSE) shares from "Neutral" to "Buy," raising the price target from 11,500 to 13,500 pence. Analyst Michael Werner noted that despite strong recent performance, the shares remain relatively cheap, with expected profit growth of 15% annually until 2027. The upcoming quarterly report is anticipated to be a key price driver, particularly in comparison to competitors.
UBS has initiated coverage of Jenoptik with a "buy" rating and a target price of 29 euros, highlighting the company's underestimated potential as a technology leader. Analyst Olivier Calvet pointed out the promising prospects in the photonics segment, suggesting significant share price growth over the next year, even with conservative forecasts for 2025.
UBS has raised its price target for Amazon from $230 to $264, maintaining a "Buy" rating. Analyst Stephen Ju highlighted the company's declining office workforce, which suggests improved margins and supports his estimates for 2025, with the new target reflecting expectations through the end of 2026.
Raiffeisen Bank shares reached a new 6-month high of EUR 20.68 on December 13, 2024, marking a 17.23% increase since November 29, 2024. The stock remains in an uptrend across all time frames, with a current distance of +17.26% from the 200-day moving average.
Raiffeisen Bank shares reached a new 6-month high of EUR 20.62 on December 12, 2024, marking a 16.89% increase since November 29. The stock remains in an uptrend across all time frames, with a current distance of +16.94% from the 200-day moving average.
Raiffeisen Bank shares reached a new 6-month high of EUR 20.40 on December 11, 2024, marking a 15.64% increase since November 29. The stock remains in an uptrend across all time frames, with a current distance of +15.71% from the 200-day moving average.
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