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UBS has downgraded Reinsurance Group of America (RGA) to "neutral" from "buy," reducing the price target to $216 from $250, citing execution risks related to its annual capital distribution target and an agreement with Equitable Holdings. Despite this, nine of twelve brokers still rate the stock as "buy" or higher, with a median price target of $250. RGA shares have declined 6.7% over the past year, compared to a 4.2% drop in the S&P 500.
UBS has downgraded Reinsurance Group of America from "buy" to "neutral," reducing the price target from $250 to $216. The downgrade is attributed to execution risks related to capital deployment and the Equitable Holdings deal, with concerns over reliance on third-party capital for EPS growth. Despite this, nine of twelve brokerages still rate the stock as "buy" or higher, with a median price target of $250. RGA shares have declined approximately 6.7% year-to-date, compared to a 4.2% drop in the S&P 500.
Shares of Equitable Holdings rose 5.6% to $55.2 after increasing its stake in AllianceBernstein to 68.6%. UBS upgraded the stock to "buy" from "neutral," raising the price target to $77, citing strong annuity sales and de-risking strategies as key growth drivers. Year-to-date, EQH stock is up approximately 17.3%, outperforming the S&P 500's 4.2% decline.
SMBC, Ava Labs, and Fireblocks have signed a Memorandum of Understanding (MoU) to develop a stablecoin framework in Japan. This collaboration aims to enhance the digital currency landscape in the region, signaling a significant step towards innovation in financial technology.
Huawei reported a 22.4% revenue increase in 2024, reaching CNY862.1 billion, despite a 28% decline in net profit due to extraordinary gains in 2023 and increased investments. The company allocated CNY179.7 billion to R&D, representing 20.8% of its revenue, and saw significant growth in its consumer and automotive sectors. Huawei's intelligent automotive solutions became profitable, and it introduced AI-centric 5.5G solutions to enhance network performance and monetization opportunities.
Spotify Technology SA, based in Luxembourg, offers digital music-streaming services that allow users to discover new releases, create personalized playlists, and access millions of songs. Users can choose between Spotify Free, which features shuffle play, and Spotify Premium, which provides an ad-free experience with additional features. The company operates through various subsidiaries and is available in over 20 countries, delivering a seamless music listening experience without interruptions.
UBS analyst John Te has downgraded Robinsons Retail Holdings from Neutral to Sell, lowering the price target to PHP35 from PHP39.50 due to rising competition from hard discounters DALI and O!Save, expected to increase their market share from 2% to 7% by 2028.Te anticipates a 4% revenue growth for Robinsons Retail but predicts a 120 basis point compression in operating profit margin, contrasting with the consensus expectation of a 90 basis point expansion. The company's focus on profitability over aggressive market share growth reflects a cautious strategy in a competitive retail environment.
Barclays has lowered its price target for nCino, Inc. to $24 from $44 while maintaining an overweight rating. nCino is a global provider of cloud banking solutions, offering a comprehensive Bank Operating System that enhances coordination and transparency for financial institutions through a single, cloud-based platform. The system includes features for client onboarding, loan origination, and compliance, along with advanced data analytics and AI/ML capabilities to optimize operations and regulatory adherence.
Kepler Cheuvreux analyst Jacques-Henri Gaulard has downgraded Societe Generale's stock rating from Buy to Hold, maintaining a price target of EUR43.90 as the stock approaches this value. The bank has shown impressive performance, with a 59.12% year-to-date return, outpacing peers by 25%. Recent analyst upgrades reflect a positive outlook, with Jefferies raising its target to €55 and JPMorgan upgrading to Overweight, anticipating strong earnings growth and improved operational efficiency.
Raiffeisen NÖ-Wien has partnered with Auri, a green electricity provider, to offer 100% renewable energy from Austria alongside real estate services. This collaboration allows Raiffeisen real estate agents in Vienna and Lower Austria to provide customers with both properties and tailored Auri electricity tariffs, enhancing their one-stop service approach.
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ubs downgrades reinsurance group of america to neutral and cuts price target
20:17 02.04.2025
ubs downgrades reinsurance group of america to neutral cuts price target
20:17 02.04.2025
Equitable shares rise after AllianceBernstein stake increase and UBS upgrade
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19:54 02.04.2025
smbc and partners establish stablecoin framework in japan
19:31 02.04.2025
Huawei reports 22.4 percent revenue growth driven by AI and R&D investments
18:53 02.04.2025
Spotify poised for mid-teens revenue growth in first quarter, UBS reports
18:17 02.04.2025
ubs downgrades robinsons retail to sell amid rising competition in market
17:43 02.04.2025
barclays lowers nCino price target while maintaining overweight rating
17:33 02.04.2025
societe generale stock rating downgraded to hold amid strong performance
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17:23 02.04.2025
Raiffeisen Immobilien partners with Auri to offer real estate and green electricity
17:19 02.04.2025
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