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UBS has maintained a "Buy" rating for Brenntag with a target price of 80 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased Russian gas exports to Europe, significantly lowering gas prices and benefiting companies like BASF, Covestro, Lanxess, and Yara.
UBS has maintained a "Buy" rating for Wacker Chemie with a target price of 110 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices and benefiting companies like BASF, Covestro, and Lanxess.
UBS has maintained a "Neutral" rating for Covestro with a target price of 62 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lead to increased gas exports to Europe, significantly lowering gas prices and benefiting companies like Covestro, BASF, and Lanxess.
UBS AG maintains a "Neutral" rating for BASF shares with a target price of €47, highlighting potential benefits for BASF and other chemical companies if Russian gas supplies to Europe increase. On the day of the analysis, BASF's share price rose 3.0% to €45.30, indicating a 3.75% upside potential. The company’s share price has seen a slight decline of 0.5% since the start of 2024, with Q4 2024 key figures set to be released on February 28, 2025.
UBS has maintained a "Neutral" rating for Bayer with a target price of 22 euros. Analyst Geoff Haire highlighted that a potential ceasefire between Russia and Ukraine could lower gas prices significantly, benefiting companies like BASF, Covestro, Lanxess, and Yara in the European chemicals sector.
Global stocks continue to rise, with the MSCI World index achieving its sixth consecutive all-time high, closing up 1.2% for the week and showing a 21.60% gain for 2024 so far. UBS CEO Sergio Ermotti warns that potential tariff increases and geopolitical tensions could heighten market volatility, advising clients to diversify amid the uncertain economic landscape. Despite these risks, he notes that inflation appears controlled and consumer resilience remains strong.
UBS has downgraded its rating on Porsche to Sell as of December 9, 2024. Meanwhile, European markets are experiencing mixed trading, with the luxury goods sector expected to benefit from China's upcoming stimulus measures in 2025. The New York Stock Exchange concluded the previous week positively, supported by a favorable employment report.
Sergio Ermotti, CEO of UBS Group AG, warns that potential tariff increases and global conflicts pose significant risks to financial markets in 2025, predicting heightened volatility. He advises clients to maintain diversification amid current uncertainties, noting that inflation remains under control and consumer resilience is evident. Ermotti also emphasizes the importance of transparency regarding the collapse of Credit Suisse, which UBS acquired last year, as Switzerland prepares a parliamentary report on the matter.
Gerald Kocher, Head of Private Banking at Raiffeisenbank Radstadt, emphasized the importance of leveraging political decisions and economic trends for sustainable investment during a recent event. Markus Sevcik from J.P. Morgan Asset Management highlighted the resilience of capital markets, particularly in the US, despite ongoing geopolitical tensions and rising inflation. The event provided attendees with insights into investment strategies for the super election year 2024.
UBS has downgraded Porsche from Neutral to Sell, reducing its price target from €42 to €32, citing concerns over Volkswagen's performance, of which Porsche holds a 31.9% stake. The firm highlights ongoing execution issues, declining sales in China, and insufficient cost management as factors hindering Porsche's margin recovery.
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UBS Maintains Buy Rating for Brenntag with Target Price of 80 Euros
13:58 09.12.2024
UBS Maintains Buy Rating for Wacker Chemie with Target Price of 110 Euros
13:56 09.12.2024
UBS Maintains Neutral Rating for Covestro Amid European Gas Supply Concerns
13:55 09.12.2024
UBS Maintains Neutral Rating for BASF with Target Price of 47 Euros
13:50 09.12.2024
UBS Maintains Neutral Rating for Bayer Amid European Gas Market Concerns
13:36 09.12.2024
Global Stocks Surge Amid Tariff Risks and Geopolitical Tensions, UBS CEO Warns
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12:45 09.12.2024
UBS Downgrades Porsche to Sell Amid Mixed European Market Trends
11:44 09.12.2024
UBS CEO Warns of Market Volatility Amid Tariff Risks and Geopolitical Conflicts
11:42 09.12.2024
Investment Strategies Amid Political Changes and Economic Trends in 2024
10:55 09.12.2024
UBS Downgrades Porsche to Sell Amid Concerns Over Recovery and Margins
10:45 09.12.2024
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