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New Zealand's red meat sector is experiencing a resurgence, driven by strong global demand, particularly from the UK, EU, and US, alongside lower supply and a favorable exchange rate. In April 2025, beef prices reached record highs, with average export values hitting NZD 10.85/kg FOB, while lamb prices were 20% above the five-year average. Despite previous challenges, the outlook for profitability in the red meat sector remains optimistic as interest rates decline and demand continues to strengthen.
Barclays raised its price target for Mondelez International from $71 to $74, maintaining an "overweight" rating, while Evercore ISI increased its target from $67 to $70 with an "outperform" rating. Currently, the stock has a consensus rating of "Moderate Buy" and an average target price of $70.55, with 13 buy ratings, eight holds, and one sell. Mondelez reported a quarterly EPS of $0.74, exceeding estimates, with revenues of $9.31 billion, reflecting a slight year-over-year increase.
UBS has downgraded Fisher & Paykel Healthcare from Buy to Neutral, raising the price target to NZD39 from NZD37.50. The analysts project a 17% compound annual growth rate in earnings per share starting fiscal year 2026, driven by high flow therapy adoption and market gains in obstructive sleep apnea masks. Despite the downgrade, the company is expected to maintain a P/E premium over peers, with potential share price increases linked to future earnings performance and opportunities in the home high flow therapy market.
UBS has downgraded Fisher & Paykel Healthcare from "Buy" to "Neutral," setting a new price target of NZD 39.00, up from NZD 37.50. This adjustment reflects the analysts' belief that the current share price adequately reflects the company's growth prospects, including a projected 17% CAGR in EPS from fiscal 2026, driven by high-flow therapy adoption and market gains in obstructive sleep apnea masks. Despite the downgrade, Fisher & Paykel is expected to maintain a P/E premium over other large-cap healthcare firms due to its strong growth trajectory.
German second-line stocks lead with a 20.62% increase, followed by commodity stocks at 10.11% and automotive sectors at 6.96%. In banking, Goldman Sachs and UBS show strong performance, with year-to-date gains of 79.8% for Societe Generale, while Sberbank faces a significant decline of 67.53%. The average performance of BSN-Group Banks stands at 23.19%.
Canada Goose Holdings Inc. (NYSE:GOOS) saw significant changes in institutional ownership, with Barclays PLC reducing its stake by 90.1% in the last quarter. Analysts currently rate the stock as "Hold," with a consensus price target of $10.20, while shares opened at $9.10, reflecting a 1.0% decline. The company, which specializes in luxury apparel, operates through Direct-to-Consumer, Wholesale, and Other segments across various global markets.
Malaga Cove Capital LLC, Teacher Retirement System of Texas, and Ameriprise Financial Inc. have recently acquired stakes in Krispy Kreme, with institutional investors holding 81.72% of the stock. The company reported a revenue decline of 15.2% year-over-year, with earnings per share at ($0.05), matching consensus estimates. Analysts maintain a neutral rating on the stock, with a consensus price target of $10.58.
Norwegian Cruise Line reported a net margin of 5.87% and a return on equity of 99.31%, with quarterly revenue of $2.13 billion, slightly below analyst expectations. The company experienced a 2.9% revenue decline year-over-year and is projected to post earnings per share of 1.48 for the current year. Institutional investors hold 69.58% of the stock, and analysts maintain a "Moderate Buy" rating with a consensus price target of $26.05.
HSBC plans to cut 348 jobs in France, representing about 10% of its workforce, as part of a $1.5 billion cost-cutting strategy by CEO Georges Elhedery. The reductions will occur through a voluntary redundancy scheme and follow the sale of its French retail banking business and upcoming divestiture of its life insurance arm. This restructuring aligns with HSBC's focus on enhancing efficiency and profitability in key markets, particularly in Asia and the Middle East.
HSBC plans to cut 348 jobs in France, representing about 10% of its workforce, as part of a $1.5 billion cost-cutting strategy by CEO Georges Elhedery aimed at enhancing efficiency. The reductions will occur through a voluntary redundancy scheme and follow the sale of its French retail banking business and the upcoming divestiture of its life insurance arm. This restructuring aligns with HSBC's focus on more profitable markets, particularly in Asia and the Middle East, while it continues to divest operations in various countries.
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new zealand red meat sector sees strong recovery and rising prices
04:15 20.05.2025
analysts raise price targets for mondelez international amid mixed ratings
Mondelez International Inc.
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12:05 19.05.2025
ubs downgrades fisher and paykel to neutral raises price target to nz39
12:00 19.05.2025
ubs downgrades fisher and paykel shares to neutral with price target adjustment
11:26 19.05.2025
performance trends in global stocks and banking sector analysis
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13:22 17.05.2025
canada goose shares see significant institutional trading activity and analyst ratings
Alberta Investment Management Corporation
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09:10 17.05.2025
krispy kreme sees new investments amid mixed analyst ratings and stock performance
Krispy Kreme Inc.
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Teacher Retirement System of Texas GOVERNMENT
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09:03 17.05.2025
norwegian cruise line reports mixed earnings amid revenue decline and analyst ratings
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hsbc to cut 348 jobs in france as part of cost reduction plan
19:32 15.05.2025
hsbc to cut 348 jobs in france as part of cost reduction plan
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