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Barclays has downgraded LVMH's stock rating from Overweight to Equalweight, slashing the price target from EUR755 to EUR550 due to concerns over a potential slowdown in the U.S. market, which is crucial for its Fashion & Leather Goods division. The analyst predicts a decline in EBIT margins and a 16% reduction in earnings per share for fiscal year 2025, reflecting a cautious outlook amid challenges faced by LVMH's brands. Other firms, including Morgan Stanley and Bernstein, have also adjusted their ratings and targets, indicating a broader skepticism about LVMH's near-term performance.
UBS has initiated coverage of The Simply Good Foods Group (NASDAQ: SMPL) with a Neutral rating and a $41 price target, indicating a 10% upside potential. Analysts highlight the company's unique position in the packaged foods market and its ability to achieve long-term growth, although this growth is already reflected in current valuations. Other firms, like Mizuho and Bernstein, have raised their price targets to $47 and $48, respectively, citing strong financial performance, while TD Cowen and DA Davidson maintain more cautious stances with lower targets.
Analysts from Bernstein and UBS report that the impact of U.S. tariffs under President Trump on publicly traded luxury companies is expected to be minimal. The findings suggest that the luxury sector may remain resilient despite ongoing trade tensions.
Analysts have made several notable recommendations, including Kempen maintaining a Buy on Abivax but lowering the price target to USD 18. RBC Capital upgraded Anglo American to Sector Perform with a target of GBX 2310, while JP Morgan raised ArgenX's target to USD 805. Bernstein upgraded Veolia to Outperform with a target of EUR 38, and maintained Outperform for Dassault Aviation with a new target of EUR 305. Other adjustments include Eiffage's target raised to EUR 158.90 and UBS Group's target reduced to USD 35.
Shares of Zomato and Swiggy surged to record highs on December 5, following brokerage upgrades. CLSA raised Zomato's target price to Rs 370, predicting a 32% upside, while Bernstein noted Zomato's broader city presence. Swiggy's Q2 results showed a 30% year-on-year increase in B2C gross order value, with expectations of positive core earnings by December 2025.
IT stocks have gained traction, with the Nifty IT Index rising nearly 5% over the past month. Bernstein analysts predict a growth upcycle driven by BFSI and AI-related deals, favoring companies like Infosys and TCS for their strong US market exposure, while mid-cap players like Persistent Systems are also expected to benefit significantly.
Shares of Paytm parent One97 Communications surged 6% to Rs 893 on November 22, marking a five-day rally and a 56% gain over the past three months. International brokerage Bernstein has raised its target price for Paytm from Rs 750 to Rs 1,000, citing a shift in outlook from survival to optimism for the fintech company. In a bullish scenario, Bernstein anticipates improved payment margins and a potential 100% upside to its base case EPS estimates.
Bernstein has reaffirmed its bullish outlook on Paytm's parent company, One97 Communications, raising the target price from Rs 750 to Rs 1,000 per share, indicating a potential upside of 23%. Despite a challenging year with an 11% decline in share value, Paytm's stock was trading at Rs 819.4, up 0.6% amid muted market sentiment.
Leonard Bernstein
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Barclays downgrades LVMH stock and cuts price target amid market concerns
Euro
LVMH Moet Hennessy Louis Vuitton SE
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Barclays PLC
Bernstein Fund, Inc - Small Cap Core Portfolio
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Leonard Bernstein
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09:20 02.05.2025
ubs initiates coverage of simply good foods with neutral rating and price target
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analysts update recommendations and price targets for key european companies
Euro
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Eiffage SA
Veolia Environnement SA
Galderma Group N
Rubis
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Thales
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Leonard Bernstein
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08:41 18.03.2025
Zomato and Swiggy Shares Surge to Record Highs Following Brokerage Upgrades
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IT sector poised for growth driven by BFSI and AI deals
United States Dollar
TCS
HCL Technologies Limited
Persistent Systems Limited
Wipro Limited
Tech Mahindra Limited
LTIMindtree Limited
Infosys Limited
IND
Leonard Bernstein
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05:48 27.11.2024
Paytm stock surges 6 percent on positive outlook from Bernstein
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bernstein raises paytm target price to rs 1000 amid market turbulence
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