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Fly News Breaks for August 11, 2017
UBS, DB, LXFT
Aug 11, 2017 | 07:49 EDT
As noted earlier, Wedbush downgraded Luxoft (LXFT) to Neutral from Outperform. As reasons for the downgrade, analyst Moshe Katri cited the deceleration in the spending of its top two clients, Deutsche Bank (DB) and UBS (UBS), and a "spending pause" by a number of its other clients which are undergoing M&A. Target to $50 from $67.
News For LXFT;DB;UBS From the Last 2 Days
DB
Apr 25, 2024 | 12:09 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists. 1... To see the rest of the story go to thefly.com. See Story Here
DB
Apr 25, 2024 | 06:10 EDT
DB
Apr 25, 2024 | 06:07 EDT
DB
Apr 25, 2024 | 06:06 EDT
DB
Apr 25, 2024 | 06:03 EDT
UBS
Apr 23, 2024 | 14:33 EDT
DB
Apr 23, 2024 | 14:31 EDT
UBS
Apr 23, 2024 | 14:24 EDT
RBC Capital analyst Anke Reingen lowered the firm's price target on UBS to CHF 28 from CHF 29 and keeps an Outperform rating on the shares. The analyst feels that concerns over the TBTF proposal are "justified" and wanted to see more visibility, which "should remove the overhang to focus on the longer-term attraction of the UBS investment case."
UBS
Apr 23, 2024 | 13:51 EDT
As previously reported, Citi analyst Andrew Coombs downgraded UBS to Neutral from Buy with a CHF 27 price target. Following the "sharp rally" in shares, which are up 42% over the past year, the firm contends that "one really has to now look out beyond 2206 to try to justify the current multiple." Swiss authorities' new capital proposals add greater uncertainty on capital return, while the current multiple "now gives little buffer for execution risk" related to the integration of Credit Suisse, the analyst added.
