Posts Tagged BNP
BNP Paribas cuts target price of ST
Do not come good news for STMicroelectronics. Analysts at BNP Paribas have in fact cut its price target under increasing from 25 to 17 euros, confirming, however, the recommendation in relation to outperform the sector. The bank has lowered the forecast of earnings per share for 2003 and for the fourth quarter of this year.
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The employment push Paris
A half day’s CAC 40 is recording a rise of 1, 2% at 6118 points after the employment figures in France have marked a growth of 2.5% over last year. Driven by rumors of a possible takeover bid by Germany’s Dresdner Bank, BNP is gaining more than 6% by dragging the entire French banking industry. Credit Lyonnais (+2.2%) and Société Générale (+2.1%) are among the best titles in the list. Regarding the hi-tech telecoms and Canal Plus (+4.5%), Lagardere (+4.3%), France Telecom (+3%) and Cap Gemini (+2%). In contrast Carrefour (-2%), Total Fina (-1.3%) and StMicrolelectronics (-1%).
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In Europe, the star shines in Paris
Gran final rally in Paris (+0.19%) which closed at 6077 points after this morning’s CAC 40 came to lose even 5%. The excellent opening on Wall Street has infected mostly StMicroelec. (+10%) And Lagardère (+6.8%). Recoveries on the final even Thomson CSF (+5.2%), Equant (+4%), Bouygues (+3.7%) and L’Oreal (+3%). In contrast Canal Plus (-5%), BNP (-3.9%), Credit Lyonnais (-3%), Aventis (-2.5%) and Lafarge (-2%).
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Mariella Burani be held
Strategies: i promoted by Lehman in Europe
Lehman Brothers style as his report card every quarter of the good and the bad of the European panoroma, selecting the best games sector by sector through a technique of bottom-up, or choosing the company with the best earnings forecasts and the lowest price. Here’s a favorite of Lehman are among the many capital goods companies, like Philips Electronics, Siemens, Rolls Royce, ABB and Bouygues, and between the consumer cyclical BMW, Dixons, Boots and Pegeaut. Note that among the few utilities and energy are chosen Eni and Enel, and between phones with Telefonica and Portugal Telecom, Telecom Italy there is. Finally a long list of financial stocks including Royal Bank of Scotland, BNP Paribas, Banco Santander Central Hispanico, Swiss Life and Abbey National. To be selected among the consumer cyclical rather Danone British American Tobacco and between the health GloxoSmithkline. Finally, a preference to report only on the media, the French company Lagardere.
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I buy stand in line at banks
On a day stingy with twists, it exposes the sector of bank shares. Steal the march on Bsch that, despite quarterly results below expectations, is seeing its title splash up (+2.79%). Well also the Banco Bilbao that retrieves the 2.68%. On the two Iberian banks are also affecting the news that comes from Argentina and indicating a rearrangement of the economy. Note also positive for Dexia (+1.75%), BNP Paribas (+1.35%) and Societe Generale (0.91%). While Commerzbank, after the entry into its capital Munich Re, rose 1 24%.
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BNP data, European bank rise
European banking on good levels of stock in this Wednesday. Well the French, with BNP, which has now published quarterly data (reduced profits by 7.6%) and swaps to 99.2 euros (+2.27%) and Credit Lyonnais rising by 0.15%. Excellent performance even for the Iberian giants of the claim, which appreciates the BSCH and BBVA 2.85% rising to 2.65% of 13.96 euros. In Frankfurt, Commerzbank shine, earning 2.35% and Deutsche Bank, which rose 1, 77% to 74.6 euros.
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Global Equities says “buy” at BNP Paribas
Eric Vanpoucke, an analyst at Global Equities, confirms his view of “buy” on the title of the French BNP Paribas. A recommendation that takes into account the recent publication of six months, proved better than expected. The target price has been set to 110 euros. Today, the title marks a rise of 1, 20%, passing from hand to 101 euros.