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UBS AM has increased its stake in Crane Company to 136,776 shares, valued at $20.95 million, while Goldman Sachs raised its position by 23.6% to 440,817 shares worth $67.52 million. Crane's stock has a "Moderate Buy" rating, with a target price raised by UBS Group to $215, indicating a potential upside. The company reported a quarterly EPS of $1.39, surpassing estimates, and a revenue of $557.6 million, reflecting a 9.3% year-over-year increase.
Ellington Credit (NYSE:EARN) focuses on acquiring and managing residential mortgage-backed securities, including both agency and non-agency RMBS. Recently, UBS Group raised its target price for the stock from $5.25 to $5.50, maintaining a "neutral" rating, while other analysts have expressed mixed views, with some downgrading the stock. The company reported a quarterly EPS of $0.26, slightly below expectations, and has seen insider buying activity, indicating some confidence in its future performance.
Huawei CEO Ren Zhengfei acknowledged that the company's Ascend chips are a generation behind U.S. technology, countering claims of its dominance. In a significant interview, he emphasized that while many Chinese firms excel in chip production, Huawei's capabilities are overstated. This admission reflects a rare moment of vulnerability from Beijing amid ongoing U.S. trade tensions and export restrictions, suggesting potential for compromise in future negotiations.
UBS faces a requirement for up to USD 26 billion in additional equity capital, leading to share price volatility. While the Federal Council's demands are seen as steep, they were largely anticipated, and UBS is expected to navigate this transition over the next decade without immediate changes to its capital planning. The bank's focus may shift towards reducing risk in its investment banking sector, which has historically been more capital-intensive.
European stock markets experienced slight declines, with the EuroStoxx 50 down 0.22% and the Swiss SMI falling 0.49%, pressured by UBS's 6.6% drop amid concerns over new capital requirements. In contrast, London's FTSE 100 rose 0.39%. Construction stocks, particularly Holcim, gained after Barclays upgraded its rating, while oil stocks thrived as prices increased, with Shell rising 2%.
Huawei's CEO, Ren Zhengfei, revealed the company's strategies to address its chipmaking lag behind US rivals, emphasizing a commitment of approximately $25 billion annually to R&D. By integrating advanced mathematics, compound chips, and large-scale cluster computing, Huawei aims to enhance performance despite US export restrictions. Zhengfei expressed confidence in the potential of these innovations to narrow the technological gap, while acknowledging the challenges posed by hardware limitations.
OpenAI's annualised revenue has surged to $10 billion, a significant increase from $5.5 billion reported in December 2024. This growth highlights the company's expanding influence and success in the tech industry.
UBS has reiterated its Buy recommendation for Cognex, maintaining a price target of USD 53 ahead of the Investor Day on June 10, 2025. The company is expected to present updated financial targets, including a 15% CAGR in sales and a gross margin in the mid-70% range, while also highlighting its AI advancements and new products.Cognex recently reported first-quarter earnings that exceeded expectations, with adjusted EPS of $0.16 and revenue of $216 million. Despite a slight miss in gross profit margin due to product mix and foreign exchange impacts, the company forecasts continued growth, particularly in the logistics sector.
UBS Asset Management has launched three overnight rate ETFs targeting the euro, US, and UK yield curves, each with a total expense ratio of 0.10%. The ETFs, which utilize synthetic replication to track their respective indices, are designed to provide a positive spread over the overnight rate by holding equities in their substitute baskets. With growing interest in overnight rate ETFs as cash substitutes, UBS aims to enhance its offerings in the low-fee ETF market.
UBS has raised its price target for SolarEdge (SEDG) to $20 from $17 while maintaining a Neutral rating. The firm notes that SolarEdge has various options to adapt to potential changes in the U.S. residential solar tax credits, highlighting a balanced risk/reward profile amid market fluctuations.
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Crane Company Sees Increased Institutional Investment and Positive Analyst Ratings
15:49 10.06.2025
Ellington Credit Stock Target Price Raised Amid Mixed Analyst Ratings
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Huawei CEO Acknowledges Chip Lag Behind US Amid Trade Tensions
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UBS Faces Capital Demands Amid Share Price Volatility and Regulatory Scrutiny
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European Markets Experience Slight Losses as UBS Faces Pressure
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Huawei CEO Outlines Strategies to Bridge Chip Gap with US Rivals
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OpenAI's revenue doubles to ten billion dollars in one year
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Cognex Maintains Growth Outlook Ahead of Investor Day with UBS Buy Rating
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UBS Launches Three Overnight Rate ETFs for Enhanced Cash Management
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12:30 10.06.2025
UBS Raises SolarEdge Price Target to 20 Amid Market Outlook Adjustments
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