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Elon Musk and Amancio Ortega are in a fierce competition for a prime industrial park in Cheste, Spain. Musk aims to establish a €5 billion gigafactory for Tesla's electric car batteries, while Ortega plans to build distribution centers for his fashion brands, leveraging the site's strategic location. The outcome could significantly impact the industrial landscape of Spain and Europe.
Analysts have updated their recommendations and price targets for several companies, reflecting varied market sentiments. Notable changes include Bakkafrost upgraded to Buy by DNB Markets, while Eni was downgraded to neutral by Redburn Atlantic. Other adjustments include price target reductions for TotalEnergies, UBS Group, and Bolloré, alongside upgrades for Inditex and Mowi.
UBS has maintained its "Buy" rating for Zalando, setting a target price of 40 euros. Analyst Yashraj Rajani noted strong interest in the online retailer as a key player in e-commerce, anticipating conservative annual targets from Zalando, which is known for its cautious planning regarding operating results.
UBS has maintained its "Buy" rating for Zalando, setting a target price of 40 euros. Analyst Yashraj Rajani noted strong interest in the online retailer as a key player in e-commerce, positioning it as a potential alternative to Inditex. Conservative annual targets are anticipated, reflecting Zalando's cautious approach to adjusted operating earnings.
The EuroStoxx 50 surged 3.44%, surpassing its April 2024 high of around 5100 points, driven by lower-than-expected US inflation figures and strong corporate results, except for Inditex, which fell over 3%. The index has potentially resumed its upward trend, with a bullish target of 5600 points, contingent on global economic conditions and upcoming political and economic events. Key factors to monitor include Donald Trump's inauguration and forthcoming corporate earnings reports.
The IBEX 35, Spain's leading stock index, surged 14% in 2024, outperforming the EuroStoxx 50's 8% rise, driven by strong performances from major companies like Santander and Inditex. A favorable local economic environment, including rising domestic consumption and falling inflation, supported this growth. Technically, the index is in a strong uptrend, with potential for further gains if it surpasses 12,000 points.
UBS has maintained a "Neutral" rating for Inditex, setting a target price of 48 euros following disappointing third-quarter results. Analyst Sreedhar Mahamkali noted that net sales and growth in local currencies fell short of market expectations, suggesting a potential decline in share price after a strong increase this year.
UBS has maintained a 'Neutral' rating for Inditex, setting a target price of 48 euros following disappointing third-quarter figures. Analyst Sreedhar Mahamkali noted that net sales and local currency growth fell short of market expectations, suggesting a potential decline in share price after a strong rise this year.
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Musk and Ortega vie for strategic land in Spain's industrial showdown
14:21 05.05.2025
analysts update recommendations and price targets for major european companies
Swiss Franc
Euro
United States Dollar
Norwegian Krone
Danish Krone
Bakkafrost PF
Eni S.p.A.
Lectra
Enersense International Oyj
Euronext N.V.
Mowi ASA
Interparfums, Inc.
INDITEX
Michelin
Adecco Group AG
ABB Ltd
Tomra Systems ASA
BNP Paribas SA
Sartorius Stedim Biotech S.A.
Orsted A/S
Holmen AB
Bolloré SE
Pluxee N.V.
Eiffage SA
UBS Group AG
TotalEnergies SE
Gestamp Automocion SA
Vivendi SE
Hellenic Telecommunications Organization S.A.
Robertet SA
OVH Groupe
Sanofi
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08:31 23.04.2025
ubs maintains buy rating for zalando with target price of 40 euros
08:17 18.02.2025
ubs maintains buy rating for zalando with target price of 40 euros
07:43 18.02.2025
EuroStoxx 50 surges past April high amid US inflation and earnings boost
09:51 20.01.2025
IBEX 35 leads European markets with strong growth and positive momentum
09:11 02.01.2025
UBS Maintains Neutral Rating for Inditex with Target Price of 48 Euros
12:22 11.12.2024
UBS Maintains Neutral Rating on Inditex with Target Price of 48 Euros
12:09 11.12.2024
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