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Belgian authorities have requested the European Parliament to lift the immunity of five MEPs amid an investigation into alleged corruption linked to Huawei. The case, known as "HuaweiGate," involves accusations of influence-buying through gifts and financial incentives, with two MEPs confirming their involvement. The investigation also extends to eight other lawmakers who previously supported Huawei's interests in 5G development.
UBS faces potential legislative challenges as the Swiss government plans to impose stricter capital requirements in response to the Credit Suisse collapse, which could hinder its competitiveness and capital return strategies. Meanwhile, the EU has delayed its ruling on UniCredit's takeover of Banco BPM until June 19, amid scrutiny over competition impacts in the Italian banking sector. In the US, Moody’s downgraded long-term deposit ratings for Bank of America, JPMorgan, and Wells Fargo, citing the recent cut to the US sovereign credit rating. Additionally, China has cut its benchmark lending rates for the first time since October to stimulate economic growth, as the banking sector grapples with record low net interest margins.
Bank of America has reaffirmed a "neutral" rating for PPG Industries, lowering its price target from $143.00 to $126.00. Analysts show a consensus rating of "Moderate Buy" with a price target of $128.42, while the company reported a quarterly EPS of $1.72, exceeding estimates. PPG Industries will pay a quarterly dividend of $0.68 per share on June 12th.
F5, Inc. is projected to post an EPS of 11.2 this year, with analysts giving it a consensus "Hold" rating and a target price of $282.56. Recent reports show varied price targets, with Morgan Stanley at $280 and Royal Bank of Canada at $290, while insider selling has occurred amid significant institutional investment. The company reported $3.42 EPS for the last quarter, exceeding estimates, but revenue fell short of expectations at $590.16 million.
Emerson Electric Co. reported Q2 earnings of $1.48 per share, exceeding estimates, with revenue of $4.43 billion, a 1.3% increase year-over-year. The company declared a quarterly dividend of $0.5275, yielding 1.75%, and has a market cap of $67.83 billion. Analysts maintain a "Moderate Buy" rating with a consensus target price of $132.24.
Molson Coors Beverage reported a net margin of 8.17% and a return on equity of 9.34%, with quarterly revenue of $2.30 billion, falling short of analyst estimates. The company announced a quarterly dividend of $0.47, yielding 3.31%, and has a dividend payout ratio of 37.83%. Analysts have downgraded the stock to a "hold" rating, with an average target price of $62.71.
Kering appoints Pierpaolo Piccioli as the new artistic director of Balenciaga, while Casino faces ongoing debt concerns. UBS is likely to lose its initial battle against stricter prudential requirements in Switzerland, and Vodafone's results fall short of expectations despite a projected recovery. In North America, Moody's downgrades the credit ratings of major banks following the US credit rating downgrade.
BNP Paribas Asset Management has launched its first equally weighted ETF, the BNP Paribas Easy MSCI World Equal Weight Select UCITS ETF (WEWEU), which incorporates ESG exclusions and is listed on multiple European exchanges with a 0.20% ongoing charges ratio. The ETF tracks the MSCI World Equal Weighted Ex Business Involvement Screens Select index, applying an ESG screen to select companies based on their ESG scores. This launch follows a similar product from Invesco and will compete with the VanEck World Equal Weight Screened UCITS ETF, both priced at the same fee.
UniCredit's bid for Banco BPM faces uncertainty as the European Antitrust Authority extends its review to June 19, aligning with a June 23 deadline. The bank has requested a temporary suspension of its public exchange offer, while analysts speculate on potential withdrawal and relaunch. Meanwhile, Monte dei Paschi shares rose 3.9% amid investor anticipation of upcoming events, including Mediobanca's shareholders' meeting on June 16.
Deutsche Bank has raised its price target for Unicredit shares to EUR61.50 from EUR50.60, maintaining a Hold rating. This adjustment reflects Unicredit's strong financial performance, with projected net income exceeding EUR9.3 billion by 2025, achieved without major mergers or acquisitions. The bank's effective balance between declining net interest income and growing commission revenues has been highlighted, supported by insights from discussions with Unicredit's leadership.
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Belgium requests immunity lift for five MEPs in Huawei corruption probe
Huawei Technologies CO. Ltd.
BEL
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ITA
MLT
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Salvatore De Meo
Daniel Attard
Roberta Metsola
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15:11 20.05.2025
ubs faces stricter capital rules as eu delays unicredit merger decision
12:50 20.05.2025
analysts adjust ratings and price targets for ppg industries stock
11:38 20.05.2025
f5 inc analysts raise price targets amid mixed earnings report
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11:38 20.05.2025
raiffeisen bank international acquires shares in emerson electric co
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11:38 20.05.2025
raiffeisen bank international acquires stake in molson coors beverage
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11:37 20.05.2025
stock market updates kering leadership changes and ongoing challenges for casino
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DEU
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09:02 20.05.2025
BNP Paribas AM launches first global equal weight ESG ETF in Europe
09:00 20.05.2025
uniCredit faces uncertainty in Banco BPM takeover amid antitrust review
06:10 20.05.2025
Deutsche Bank raises Unicredit stock target to 61.50 euros amid strong growth
18:45 19.05.2025
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