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Swiss bank UBS has upgraded Boeing's rating to "Buy," setting a price target of $245. Analyst Gavin Parsons noted that the company's order and delivery figures for May suggest that the total value of orders for the year could reach $230 billion.
The SPI index closed 1.06% higher at 16,950.37 points, reflecting a year-to-date increase of 9.23%. Strong performers included Adval Tech and EFG International, while Pierer Mobility saw the largest decline. UBS led in trading volume, and Nestlé maintained the highest market capitalization.
With the S&P 500 nearing its all-time high, investors are cautious about entering the market. Historical data indicates that buying at peaks has often been less risky than perceived, with many avoiding significant drawdowns. To mitigate timing risks and inflation concerns, underallocated investors are encouraged to phase into equities gradually, utilizing strategies like dollar-cost averaging and structured investments to enhance returns while managing risk.
UBS has maintained a "Neutral" rating on Renault shares with a target price of 47 euros, citing mixed registration data for May and moderate sales growth. Despite this, the strength of Renault's balance sheet was highlighted, as shares rose 1.05% to close at 43.45 euros on the Paris stock exchange.
European stocks remained flat as investors closely monitor the developments in the ongoing US-China talks. Market participants are awaiting clarity on the negotiations, which could significantly impact economic sentiment and trading strategies.
Gold prices dipped to around $3,312 per ounce as US-China trade talks showed positive signs, easing safe-haven demand. In Dubai, 24K gold is priced above Dh400 per gram, while 22K trades near Dh373, with steady buying expected despite potential minor price softening. Analysts forecast gold to reach $3,400 by June 2025, supported by ongoing inflation and debt concerns.
The Swiss stock market opened the week with losses, as the SMI index fell 0.2% to 12,343 points amid cautious investor sentiment due to uncertain US-China trade talks. UBS shares plummeted over 7% due to concerns over stricter capital requirements, closing down 4.8%. In contrast, cyclically sensitive stocks like Holcim, Logitech, and Richemont saw gains of 1% or more.
Ten years ago, an investment of CHF 1,000 in Berner Kantonalbank (BEKB) shares would have purchased 5,219 shares at CHF 191.60 each. Today, those shares are valued at CHF 250.00, making the investment worth CHF 1,304.80, reflecting a positive performance of 30.48%. The current market valuation of BEKB stands at CHF 2.31 billion.
UBS analyst Damian Karas has raised the price target for Crane (CR) from $190 to $215, maintaining a "Buy" rating, reflecting confidence in the stock's growth potential despite economic challenges. Currently, the average price target from eight analysts is $184.03, indicating a slight downside from the current price of $188.98, while the consensus recommendation remains at "Outperform." GuruFocus estimates a fair value of $136.38 for Crane, suggesting a significant downside from its current trading price.
UBS analyst Thiago Batista has maintained a "Buy" rating for XP Inc, raising the price target from $17.00 to $24.00, reflecting a 41.18% increase. The average target price from 10 analysts is $22.39, indicating an 11.02% upside from the current price of $20.17, while GuruFocus estimates a potential fair value of $57.96, suggesting a 187.36% upside.
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UBS Upgrades Boeing to Buy with Price Target of 245 Dollars
23:54 10.06.2025
SPI Index Rises as EFG International and Adval Tech Lead Gains
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Nestlé S.A.
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22:43 10.06.2025
Investors Encouraged to Phase into Stocks Despite S&P 500 Nearing All-Time High
20:52 10.06.2025
UBS Maintains Neutral Rating on Renault Amid Mixed Sales Growth
19:57 10.06.2025
European Stocks Steady as Investors Monitor US China Trade Negotiations
18:35 10.06.2025
gold prices dip as us china talks ease tensions and outlook remains strong
18:07 10.06.2025
Swiss Stock Market Declines as UBS Shares Plummet Amid Capital Requirement Concerns
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USA
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17:10 10.06.2025
Berner Kantonalbank Shares Show 30 Percent Growth Over Past Decade
16:41 10.06.2025
UBS Increases Crane Price Target to 215 Maintaining Buy Rating
16:13 10.06.2025
UBS Maintains Buy Rating for XP with Price Target Raised to 24 USD
16:13 10.06.2025
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