ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/26/2024

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/11/2024

Deutsche Telekom AG: 1 director

A director at Deutsche Telekom AG sold 48,000 shares at 29.300EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years cl...

Credit Morning 11/26/2024

Isabel Marant: Q3 further exacerbates fears|Thyssenkrupp plans to reduce its workforce by 40%|Worldline buys back € 259m of 25/26 convertible notes as part of its cash tender offer|

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/26/2024

AngloAmerican Plc : Key milestone reached in streamlining process but ...

Morning Crédit 26/11/2024

Isabel Marant : un T3 qui exacerbe les craintes|Thyssenkrupp prévoit de diminuer de 40% ses effectifs|Worldline va racheter 259 m EUR d’OCEANEs 25/26 dans le cadre de son offre d’achat|

Unicredit : Offer on Banco BPM: more M&A optionality but also more unc...

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 26/11/2024

AngloAmerican Plc : Un jalon clé franchi dans le processus de cession ...

Zurich Insurance : CMD pointed to initiatives supporting EPS growth an...

Unicredit : Offre sur Banco BPM : plus d’optionnalités M&A mais aussi ...

Deutsche Telekom : Four positive news items and two risks avoided: Out...

We have upgraded our rating to Outperform, with some fears surrounding the CMD in October now behind us. We have raised our estimates and our target price to € 35 based on a couple of pieces of good news (Trump impact in the US, 2024-2027 growth targets above peers, and potential shareholder returns of € 34bn) and key risks pushed back (fibre optics in the US and competition in Germany).

Deutsche Telekom : 4 bonnes nouvelles et deux risques repoussés : Surp...

Nous relevons notre opinion à Surperformance, les quelques craintes autour du CMD d’octobre étant passées. Nous révisons à la hausse nos estimations et notre objectif de cours à 35 € sur la base de plusieurs bonnes nouvelles (effet Trump aux Etats-Unis, objectifs 2027 avec une croissance supérieure aux comparables, probable retour actionnarial de 34 Md€) et de risques repoussés (fibre optique US et concurrence en Allemagne).

Credit Morning 11/25/2024

Encouraging retail sales in some segments in October|Unicredit launches a takeover bid for Banco BPM for EUR 10 bn|

UNICREDIT: OPA SOBRE BPM (ANÁLISIS BANCO SABADELL)

Esta mañana UCG ha anunciado una OPA en acciones sobre el 100% del italiano Banco BPM (BAMI). UCG valora BAMI en ~10.100 M euros (16% capitalización de UCG, 0,83x P/TE’24 y 6,7x PER’24 según datos de consenso) lo que implica una prima de +0,5%, por lo que no descartamos que tenga que mejorar la oferta (BAMI sube >5%). UCG estima un CET1 combinado de 15,4% ex PPA (vs previos de 16,1% UCG y 15,5% BAMI), acreción de BPA de dígito simple alto 24 meses después de la operación asumiendo unas sinergias...

Morning Crédit 25/11/2024

Des ventes retail encourageantes en octobre pour certains segments|Unicredit lance une OPA sur Banco BPM pour 10 mds EUR|

INFORME DIARIO 25 NOVIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: CELLNEX. EUROPA: UNICREDIT, VINCI. Otra semana más con EE.UU. haciéndolo mejor Una semana más EE.UU. cierra en positivo mientras Asia registró caídas y Europa terminó con signo mixto donde el FTSE y el SMI fueron los mejores y el CAC y MIB los peores. Dentro del STOXX 600, Media y Farma lideraron las ganancias mientras que los Bancos fueron los que más cayeron (>-2,0%), seguidos de Viajes&Ocio y Autos. Por el lado macro, Eurozona los PMIs prelimin...

ODDO BHF Small & MIDCAP MORNING NEWS - 11/20/2024

Efforts to revitalise the five brands that make up the Lanvin Group are under way and should pay off in the medium term. However, at this stage of development (critical mass not yet achieved for some brands, negative profitability and cash burn) and in a consumer environment that does not yet point to a rebound, we prefer to remain cautious on the share. We are initiating coverage with a Neutral rating, with a target price of $ 1.80, based on a DCF valuation. - ...

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/20/2024

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