Financial News

Q4 US GDP Price Index Revised Down to 3.7% Gain Vs. 3.8% Previous Gain, 3.8% Increase Expected

Bernstein Kicks Off Dewa Coverage at Outperform Rating

Bernstein on Wednesday initiated coverage of electricity and water services company Dubai Electricity and Water Authority (DFM:DEWA), d/b/a Dewa, with an outperform rating and a price target of 3.36 Emirati dirhams.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

SEB Bank Downgrades Tele2 to Sell Rating, Lifts PT

SEB Bank on Thursday downgraded Swedish telecommunications company Tele2 (TEL2-A.ST, TEL2-B.ST) to sell from hold and raised its price target to 172 kronor from 171 kronor.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Q4 US PCE Revised Down to 1.9% Gain Vs. 2.0% Previous Gain, 2.0% Increase Expected

UBS Downgrades Norsk Hydro to Neutral Rating

UBS Group on Thursday lowered its rating on industrial group Norsk Hydro (NHY.OL) to neutral from buy, while maintaining its price target at 110 Norwegian kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

UBS Downgrades DiaSorin to Neutral Rating, Cuts PT

UBS Group on Thursday downgraded in vitro diagnostic specialist DiaSorin (DIA.MI) to neutral from buy rating and reduced its price target to 66 euros from 84 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Sadif Trims Tabuk Agricultural PT, Keeps at Strong Sell

Sadif Investment Analytics on Wednesday lowered its price target for agriculture company Tabuk Agricultural Development Co. (SASE:6040) to 4.70 Saudi riyals from 4.80 riyals, while maintaining a strong sell rating.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

UBS Upgrades KGHM Polska to Buy Rating, Boosts PT

UBS on Thursday upgraded Polish miner KGHM Polska Miedz (KGH.WA) to buy from neutral and raised its price target to 375 Polish zlotys from 275 zlotys.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Sadif Upgrades Ash-Sharqiyah Development to Buy, Lowers PT

Sadif Investment Analytics on Wednesday upgraded Saudi Arabia-listed agricultural greenfeeds developer Ash-Sharqiyah Development (SASE:6060) to buy from hold and decreased the price target to 15.29 Saudi riyals from 16.76 riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Citi Upgrades Lloyds Banking Group to Buy Rating, Raises PT

Citi on Thursday upgraded British lender Lloyds Banking Group (LLOY.L) to buy from neutral and increased its price target to 1.14 pounds sterling from 1.06 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

TD Cowen Downgrades Tradeweb Markets to Hold From Buy, Trims Price Target to $129 From $130

Tradeweb Markets (TW) has an average rating of overweight and mean price target of $135.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

AlphaMena Downgrades Air Arabia to Reduce, Lifts PT

AlphaMena on Thursday lowered United Arab Emirates-based airline Air Arabia (DFM:AIRARABIA) to reduce from add, while increasing its price target to 4.76 Emirati dirhams from 4.70 dirhams.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

William O'Neil & Co. Restarts Bawag Group Coverage at Buy

William O'Neil & Co. on Wednesday resumed its coverage of Austrian banking group Bawag Group (BG.VI) with a buy rating on the stock.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

US Initial Jobless Claims 219,000 Vs. Expected 210,000, Prior 203,000

BNP Paribas Upgrades DCC to Outperform, Raises PT

BNP Paribas on Thursday upgraded sales, marketing, and support services company DCC (DCC.L) to outperform from neutral and raised its price target to 60 pounds sterling from 55 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Wood & Co Kicks Off CSG Coverage with Buy Rating

Wood & Co on Thursday initiated coverage of European defense group CSG (CSG.AS) with a buy rating and a price target of 31.47 euros.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Rothschild & Co. Redburn Downgrades Shell to Neutral, Boosts PT

Rothschild & Co. Redburn on Thursday downgraded oil and gas company Shell (SHELL.AS, SHEL.L) to neutral from buy and raised the price target to 36.40 pounds sterling from 31.00 pounds.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Bernstein Starts Ades Holding's Coverage at Outperform

Bernstein on Wednesday kicked off its coverage of drilling services company Ades Holding (SASE:2382) with an outperform rating and a price target of 22.24 Saudi riyals.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

February US Core PCE Price Index Rises 0.4% Vs. Expected 0.4% Gain, Prior 0.4% Gain

Rothschild & Co Redburn Upgrades Equinor to Neutral, Boosts PT

Rothschild & Co Redburn on Thursday upgraded Norwegian oil and gas giant Equinor (EQNR.OL) to neutral from sell and increased its price target to 350 Norwegian kroner from 210 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)