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UBS has downgraded Freenet from "Buy" to "Neutral," maintaining a target price of 31.50 euros. The company has performed well in the German mobile and TV markets, but its shares have surged approximately 30% in the last two months, nearing a multi-year high of 32 euros.
Vonovia is poised for growth, with analysts forecasting a revenue of EUR 3.3-3.4 billion and an adjusted EBITDA of EUR 2.7-2.8 billion for 2025. The average price target for its shares is EUR 35.67, indicating an 18.53% upside potential, while a dividend of EUR 0.90 per share is planned for 2024, reflecting a 5.88% increase. Despite challenges like high debt and rising interest rates, the ongoing housing shortage in Germany presents long-term opportunities.
Ninety-Six Partners is launching an Asset Servicing & Consulting division, appointing Jérôme Moser as Managing Director and Guillaume Wegmuller as Deputy Service Officer, effective March 1, 2025. This new division aims to support independent asset managers and financial institutions with innovative solutions in fund marketing, organization, and compliance, enhancing their operational efficiency in a challenging regulatory environment.
Rio Tinto plc, a global leader in mining, reported 2023 production figures with iron ore constituting 62.5% of output at 290.2 Mt. Other products included aluminum (22.2%), copper (5.9%), and gold (0.9%), with significant sales concentrated in China (59.6%) and the United States (13.9%).
Sanofi, Europe's leading pharmaceutical group, generates 70.6% of its sales from pharmaceutical products, with specialty medicine accounting for 59.3%. The company also focuses on human vaccines (17.4%) and consumer healthcare products (12%). By the end of 2023, Sanofi will operate 54 production sites globally, with significant sales in the United States (43%) and Europe (18.6%).
IG Group will close the IG Community on February 28, 2025, marking the end of a platform where traders shared insights and strategies. The company plans to develop a new community platform in the future and will provide updates via email. Thank you for being part of the IG Community.
Bank of America has rapidly doubled its workforce in Switzerland, aiming to capture market share from UBS following recent upheavals in the Swiss banking sector. CEO Brian Moynihan noted the swift expansion, highlighting opportunities in credit and specialty services that UBS may not fully provide. Major global banks are increasing their corporate client activities in the region, intensifying competition.
Raiffeisen banks in Thurgau reported a business success of 87.7 million francs, despite a 9% decline from the previous year due to a challenging interest rate environment. The mortgage portfolio grew to 15 billion francs, with a notable increase in customer deposits and membership. Economic concerns persist, as companies face short-time work amid rising unemployment, while inflation declines and GDP growth is projected at 1.3% for the year.
Roche shares surged 1.3% after UBS upgraded its recommendation from 'neutral' to 'buy', raising the price target from CHF 300 to CHF 338. The firm highlighted sustainable growth driven by key products like Vabysmo and Ocrevus, with potential for an additional $16 billion in sales from products in development.
UBS has maintained a "Buy" rating for Ryanair, setting a target price of 25.40 euros. Analyst Jarrod Castle noted that a ceasefire in the Ukraine war could allow the airline to resume operations in a market where it was previously the second-largest provider, alongside a planned $3 billion growth investment.
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ubs downgrades freenet to neutral while maintaining target price at 31.50 euros
10:28 13.02.2025
Vonovia shares poised for growth with strong financial forecasts and dividends
10:21 13.02.2025
Ninety-Six Partners launches asset servicing and consulting division with new leadership
10:09 13.02.2025
rio tinto maintains strong production across diverse mineral portfolio in 2023
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09:46 13.02.2025
sanofi maintains strong market position with diverse pharmaceutical and vaccine offerings
09:46 13.02.2025
ig group announces closure of community platform by february 2025
09:39 13.02.2025
Bank of America doubles workforce in Switzerland amid market opportunities
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09:26 13.02.2025
Raiffeisen banks report growth amid challenging economic conditions in Thurgau
09:00 13.02.2025
Roche shares rise after UBS upgrades stock recommendation to buy
08:39 13.02.2025
ubs maintains buy rating for ryanair with target price of 25.40 euros
08:37 13.02.2025
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