ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/19/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 19/12/2025

Publicis : Qu’attendre du T4 25 et de la guidance 2026 ?

Publicis : What to expect from Q4 and the 2026 guidance?

Bank Brunch/NBFIs growth, bank exposures in NBFIs, covered bond risk w...

Second highest YoY growth for NBFIs in 2024, up 9.4%. German and French banks lead in non-bank financial exposures. European Parliament considers lower risk weights for CRR eligible covered bonds

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 12/15/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 15/12/2025

Publicis : Feedback de roadshow en Amérique du Nord, objectif de cours...

Nous avons organisé un roadshow en Amérique du Nord avec Jean-Michel Bonamy, Deputy CFO. Le message reste positif sur la tendance organique pour le T4 et 2026. Nous en ressortons avec une conviction renforcée sur le momentum 2026 et au-delà avec une solide croissance de BPA, et, selon nous, un possible recours accru au rachat d’actions si l'enveloppe de M&A devait ne pas être dépensée en totalité. Nous réitérons notre opinion Surperformance sur le titre avec un objectif de cours porté à 115 € (v...

Publicis : Feedback from road show in North America, target price rais...

We organised a road show in North America with Jean-Michel Bonamy, Deputy CFO. The message remains positive about the organic trend for Q4 and 2026. We have come away with a stronger belief in the 2026 momentum and beyond, with solid EPS growth and, in our view, potential increased use of share buybacks if the M&A envelope is not spent in full. We reiterate our Outperform rating on the stock with a target price adjusted to € 115 (vs € 110) as a result of a slight increase in our long-term margin...

TUI AG: 2 directors

Two Directors at TUI AG bought 6,125 shares at between 7.910EUR and 7.930EUR. The significance rating of the trade was 52/100. 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 y...

TUI - Earnings Flash - FY 2024-25 Results - Lucror Analytics

TUI has reported solid FY 2024-25 numbers, with revenues growing c. 4% y-o-y and adjusted EBITDA rising c. 7%. This was driven by robust performances at Hotels & Resorts and Cruises, which offset poor results at Markets & Airlines. Cash-flow performance improved, helped by better earnings, a higher working-capital release and lower cash interest. Net leverage fell q-o-q and y-o-y to 0.6x.  We expect a solid FY 2025-26, backed by positive momentum in H1 for the Hotels & Resorts as well as Cru...

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: evoke, Ineos, Ineos Quattro, Sammontana Italia, TUI, Fressnapf, David Lloyd Leisure

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: United Group, MasOrange, Allwyn (formerly Sazka), Borr Drilling, PeopleCert, Polynt, TUI, David Lloyd Leisure, Asmodee, Paprec Group, Fressnapf

Credit Morning 12/02/2025

Moody’s raises Eutelsat corporate rating to Ba3/stable from B2 cw pos|

Morning Crédit 02/12/2025

Moody’s relève le rating d’Eutelsat de B2 cw pos à Ba3/stable|

IBERIAN DAILY 02 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: INDITEX, REPSOL, SANTANDER. December kicks off with losses Stock markets on both sides of the Atlantic started the week off with drops in a cautious session. The IBEX 35 ended its streak of five straight sessions of gains, while the geopolitical risk continues to rise after Trump ordered Venezuelan airspace be closed. In the STOXX 600, Household Goods and Basic Materials rose the most, with the biggest drops coming in Industrials and Financial Services. On the macro side, in Spain...

INFORME DIARIO 02 DICIEMBRE (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: INDITEX, REPSOL, SANTANDER. EUROPA: BAYER, L’ORÉAL. Diciembre arranca con caídas Las bolsas a ambos lados del Atlántico comenzaron la semana con descensos, en una jornada marcada por la cautela. El Ibex 35 interrumpió su racha de cinco sesiones consecutivas al alza mientras que el riesgo geopolítico sigue en aumento después de que D. Trump ordenara cerrar el espacio aéreo de Venezuela. En el STOXX 600, Hogar y R. Básicos fueron los que más subieron...

IBERIAN DAILY 01 DECEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: IAG, MAPFRE, SANTANDER, TELEFÓNICA. Between monetary policy and a possible Ukraine-Russia peace treaty With the only US macro reference being the Fed’s Beige Book, the markets saw a transitional week due to Black Friday. European markets ended the week with gains, rallying from support levels and seeking 2025 highs, with the Ukraine-Russia peace talks continuing to be in the spotlight. In the STOXX 600, Basic Resources and Construction led the gains, with Food and Household Goods ...