Posts Tagged analyst
HSBC unconvincing Morgan Stanley
Analysts at Morgan Stanley were not very satisfied with the quarterly published yesterday by banking giant HSBC. Despite the Titan UK has stunned the market with slightly more than expected data, the American investment bank decided to cut its price target to 800 pence (previous 900 p.). The EPS 2002, however, was up 1% to 84 cents. HSBC sells 0.3% to 700 pence.
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Morgan Stanley raises his opinion about Repsol
Analysts at Morgan Stanley have revised upward their opinion on the title of the Spanish Repsol. The board went from underweight to equalweight. Also new is the target price of 14.70 euros. Good performance today at the Madrid Stock Exchange for the title which marks a rise of 1, 80%, passing from hand to 12.44 euros.
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Check Eni showdown by trimestali
In the stormy seas of the current round of quarterly, which issues tomorrow Saipem, Snam Rete Gas and Italgas should be a happy landing. Think and Francesco Rinaldi, an analyst at Banca Sella Group, which does not provide negative surprises for the subsidiaries of the energy giant. “Saipem enjoys the excellent time of search and drilling for crude oil, profitable market at these levels,” says the analyst. “After the acquisition of Bouygues Offshore production capacity will further increase the group’s unique technologies and expertise (in research at large sea depths) guaranteeing a captive market.” For Snam Rete Gas and Italgas surprises should arrive dall’Authority for energy. “Snam Rete Gas benefits from the close of the controversy on environmental taxes Sicilian at worst (which is unlikely) or that the tax is held to be legitimate, the body thinks adjustment to an increase in fares that will neutralize the effects of Balzello accounts. Snam also retrieve what has been paid to the Region with special status, “adds Francesca Rinaldi. Good news for Italgas with the authority to revise the energy to society the mechanism for calculating rates istribution, disputed earlier by the company with a complaint at the administrative justice. Possible recovery of about 70 million for 2001 and 42 million for the first half of 2002, will be granted if the retroactivity of the measure. For the company led by Alberto Meomartini approaches also the conclusion of each blue, the phone company owns 9%. The only problem is represented by the liquidation of the company, which is included in the budget Italgas for 23 million euros.
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ABN Amro: “One swallow does not make a summer”
The Leap of the scales today brings back a bit ‘of confidence to investors, but the clouds, unfortunately, are still visible above our heads. And ‘that’s what he thinks Salvatore Miserendino of ABN Amro. “We understand that the movement today is due to technical coatings due to several days of decline or if it is a sign of reversal. The good news is that they are coming some good news at last from the corporate side. Banks U.S. Coca Cola, Ford and Motorola have in fact complied with, if not beat, expectations of analysts. ” The moment, however, is yet to come. “In the coming days are still expected quarterly important. We’ll see if they continue to get positive news. Only then can we tell whether we have seen the minimum, or if we still suffer. If so, this would be the classic rebound opportunity to sell,” concludes Miserendino.
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Comindustria in downhill
While the indexes are floating above the line of equality the title Comindustria marks a loss of more than 4%. The title of the bank headed by Giuseppe Vigorelli it travels at a height loss of 8.11 euro 4.59%. “The title shares at a discount to its fair value but not to have consensus of the market,” says an analyst.
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Deutsche Bank honors the Swiss Novartis
Analysts at Deutsche Bank issued a positive opinion on the title of Swiss drugmaker Novartis. The advice is to buy with a target price of 75 Swiss Ranchi. Today the stocks traded on the Zurich Stock Exchange rising by 1, 92%, passing from hand to 63.55 Swiss francs.
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Gucci: a first quarter in line with expectations
The fashion house Gucci has published the results this morning for the first quarter of 2002, which revealed a decrease of 42% of net profit. A setback, however, expected by the market, and the result is placed in the bottom of the range estimated by analysts that follow the title. Lehman Brothers had issued an opinion of market perform on the title with a target price of 102 euros. Gucci, which is listed on the Amsterdam stock exchange, swap unchanged passing from hand to 100.30 euros.
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JP Morgan marketperform on Generali
JP Morgan reiterates its recommendation marketperform on Generali, with a target price of 32 euros. Analysts have noted positively the choice of generals to reorganize its operations in Italy bank insurance, which will result in cost savings and increased sales through the network of Understanding. Positive signals also came from the French market where it generally to the expectations sovraperfromato reporting a combined ratio (103.8%), inferior only to that of AGF and Axa. The EPS forecast by JP Morgan on 2002 is 1.05 euros, while in 2003 it was indicated at 1.2 euros.