omersukrugoksu XP Inc. (NASDAQ:XP) shares slipped 1.2% in Thursday late morning trading after UBS downgraded the Brazilian investment brokerage to Neutral from Buy, owing to a challenging macroeconomic backdrop in Latin America’s largest economy. Since the start of 2024, Brazil has experienced both significant currency devaluation and higher government securityContinue Reading
UBS analysts updated their “global top list.” Leadership among stocks once again narrowed in June, with info technology (XLK) keeping its top seat among the sectors. “The resilient economy should allow earnings to recover, while we expect discount factors to decline as inflation normalizes and central banks embark on anContinue Reading
arild lilleboe/iStock Editorial via Getty Images Equinor’s (NYSE:EQNR) Q2 trading indicators are below expectations, prompting UBS to maintain its Sell rating on the stock while cutting its Q2 net income forecast by 4% to $2.14B, compared with $2.32B analyst consensus estimate. “Lower realized gas prices and lower marketing, midstream andContinue Reading
sharrocks/iStock Unreleased via Getty Images UBS said PNC Financial (NYSE:PNC) appears better positioned to benefit from an improvement in demand, as it awaits the return to broader loan growth during the second half of the year. The brokerage upgraded PNC to Buy from Neutral on Monday and set a PTContinue Reading
Sean Anthony Eddy Global stocks in information technology (NYSEARCA:IXN) and industrials (EXI) have the highest dividend weighted average forecast growth over the next 12 months, according to UBS analysts. Quant data by UBS analysts showed that the largest dividend growth within the global sectors is for information technology (IXN) atContinue Reading
primeimages UBS analysts came up with a list of high-quality stocks — compared to their peers — that pay a dividend that seems unlikely to be cut. Analysts forecast a 21.8% probability of a dividend cut across regions and sectors, but U.S. stocks have the lowest probability of a dividendContinue Reading
olddays UBS assigned buy ratings to Royal Bank of Canada (RY)(RY:CA) and National Bank of Canada (NA:CA)(OTCPK:NTIOF) as it initiated coverage of Canadian banks, saying it’s “cautiously optimistic” about the Big Six group of lenders in the country. Canada’s macro picture looks “challenging” with slow economic growth, rising unemployment andContinue Reading
wilpunt/E+ via Getty Images Pure Storage (NYSE:PSTG) was in the spotlight on Tuesday as investment firm UBS downgraded the flash storage company, noting that increased competition could impact its valuation. Shares fell 4.9% in premarket trading and have gained 88% year-to-date. “Pure’s valuation has benefitted from the view that AIContinue Reading
GoodLifeStudio/iStock Unreleased via Getty Images Online job marketplace companies Fiverr (NYSE:FVRR) and Upwork (NASDAQ:UPWK) were assumed with Neutral ratings at UBS. Amid a “subdued” macro background and the fact that Fiver has placed an emphasis on higher-spend buyers, the company is undergoing a transition, UBS said. As such, the investmentContinue Reading
Cesare Ferrari Apple (NASDAQ:AAPL) lost smartphone market share in China in May despite “deep” discounting, investment firm UBS said, citing data from Counterpoint Research. Shares rose 1.2% in early trading on Monday. Cupertino, Calif.-based Apple ended the month with 11% of the smartphone market, even as iPhone units rose 0.9%Continue Reading
