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UBS has lowered its price target for Federal Bank Ltd shares to INR235 from INR250 while maintaining a Buy rating, following disappointing third-quarter results for fiscal year 2025. The bank reported a Profit After Tax of Rs9.6 billion, impacted by increased credit costs and a rise in write-offs, despite stable asset quality and a year-over-year loan book growth of approximately 16%. The bank's Provision Coverage Ratio improved to 74.2%, and its Net Interest Margin remained steady at 3.11%, indicating a solid risk-reward profile for investors.
UBS has adjusted its price target for Carrefour to €14 from €14.1, maintaining a neutral stance amid expectations of a challenging second half of the year. Despite the stock's low price-to-earnings ratio of around 10 for 2024 and a yield exceeding 5%, the difficult market conditions are not seen as a catalyst for growth.
Swiss bank UBS has upgraded Novartis to "Buy" with a price target of 111 francs ahead of the company's Q4 2024 results, due on January 31. Analyst Matthew Weston highlights concerns over the 2025 forecast, particularly the impending patent expiry for Entresto in the USA, which may hinder sales and earnings growth.
UBS has upgraded Novartis to a 'Buy' rating with a target price of 111 francs ahead of the final quarter 2024 figures, expected on January 31. Analyst Matthew Weston highlights investor caution due to the impending patent expiry for Entresto in the USA in mid-2025, which may impact sales and earnings growth.
BASF SE is projected to report a decline in sales for 2024, expected at EUR 65.3 billion, down from EUR 68.9 billion in 2023. While EBITDA is anticipated to slightly exceed analyst estimates at EUR 7.9 billion, EBIT is forecasted at EUR 2.0 billion, significantly below the consensus of EUR 3.2 billion due to non-cash impairments and restructuring costs. The company's full financial results will be released on February 28, 2025.
The number of ATMs in the country is declining, driven by a shift towards contactless payments. While some banks, like the Vaud cantonal bank, have reduced their machines, others, such as the Valais bank, maintain stable numbers. Operating costs are high, estimated at CHF 30,000 per machine annually, and security concerns persist, with 25 machines attacked last year. A proposal from the Post Office suggests centralizing ATM operations to reduce expenses.
UBS analyst Brian Meredith has raised the price target for Berkshire Hathaway shares to $803,444, maintaining a Buy recommendation. This adjustment reflects anticipated catastrophe losses from recent Los Angeles fires, with projected losses for 2025 now at $2.5 billion, up from $1.4 billion for 2024. Despite these challenges, the company's diverse business model, particularly in insurance and reinsurance, positions it well for future earnings growth.
Michel Huissoud critiques the auditors at Credit Suisse, highlighting the stark contrast between the high fees earned by auditors and the low pay of mountain guides who bear significant risks. Despite serious issues like tax fraud and major financial losses, auditors certified the bank's internal control systems as effective until a scandal revealed their failures. Questions arise about whether the auditors were incompetent or complicit in the bank's troubles, as regulatory oversight proved inadequate.
Barclays has lowered its price target for Independence Realty Trust (IRT) from $23.00 to $21.00, maintaining an "equal weight" rating, indicating an 11.79% potential upside. Meanwhile, BMO Capital Markets upgraded the stock to "market perform" with a target of $21.00. Currently, IRT has a "Moderate Buy" rating from analysts, with a consensus price target of $20.86.
UBS shares rose 0.5% to CHF 31.86 at midday, contributing positively to the SMI, which is at 12,303 points. The stock peaked at CHF 32.03, its 52-week high, while the lowest point was CHF 22.53. Analysts anticipate earnings per share of USD 1.68 for 2024, with Q4 2024 results expected on February 4, 2025.
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ubs lowers federal bank price target to inr235 while maintaining buy rating
07:12 28.01.2025
ubs lowers carrefour price target amid challenging market conditions
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