UBS

UBS Group AG (NYSE: UBS), which agreed to buy peer Credit Suisse AG (NYSE: CS) in a central-bank-brokered deal, is preparing to eliminate about 20 to 30% of jobs worldwide, according to a recent report.  UBS is expected to announce up to 36,000 job cuts across its branches, reports ...

Analysts at UBS are bearish on several U.S. retail stocks. A predicted consumer spending slowdown will trickle down to the industry’s earnings for the remainder of the year, they said. Jay Sole downgraded five U.S. retail stocks and lowered 2023 calendar year estimates by 10%. The four...

Advertisers told analysts at UBS that Pinterest Inc (NYSE: PINS) is taking bolder steps under its new CEO Bill Ready to move more rapidly towards a significant improvement in ad efficacy that could ultimately drive budget and further monetization partnerships, something that UBS took as a catalyst...

UBS Group AG's (NYSE: UBS) takeover of Credit Suisse Group AG (NYSE: CBS) has done nothing to alleviate market concerns about the banking sector, and it continues to throw a shadow over the rights of credit institution shareholders and bondholders. On Sunday, the Swiss government used its...

UBS Group AG (NYSE: UBS) has offered to buy Credit Suisse Group AG (NYSE: CS) for up to $1 billion, according to the Financial Times.  Sources told the publication that UBS' offer was communicated on Sunday morning with a price of 0.25 francs a share to be...

UBS Group AG (NYSE: UBS) is exploring options to take over all or part of Credit Suisse Group AG (NYSE: CS) but has asked the Swiss government's support to cover future risks if it were to buy the bank, according to Bloomberg.  The publication reported that UBS has...

UBS analyst Manav Gupta initiated coverage of Marathon Petroleum Corp (NYSE: MPC) with a Buy rating and price target of $165. Gupta's report comes on the heels of Marathon's acquiring a 49.9% stake in renewable natural gas producer LF Bioenergy for $50 million. Over the past couple of years...

Shares of First Solar Inc (NASDAQ: FSLR) have soared over 25% this week after investors learned the company’s earnings were boosted by tax credits and other incentives from the Inflation Reduction Act President Joe Biden signed last August. By The Numbers: First Solar reported fourth-quarter...

Shares of DocuSign Inc (NASDAQ: DOCU) came under pressure last week, after the company announced plans to slash 10% of its workforce. The latest layoff announcement sends “a negative demand signal” about the company’s growth in fiscal 2024, which the stock does not reflect,...

Pfizer Inc. (NYSE: PFE) could see headwinds in 2023 due to declining COVID-19 cases, according to a UBS analyst.  The Pfizer Analyst: Colin Bristow downgraded Pfizer from Buy to Neutral and lowered the price target from $55 to $47. The primary drivers for this move are the decreasing...

Shares of Victoria's Secret & Co (NYSE: VSCO) tumbled in early trading on Thursday. The company’s growth prospects are limited by a challenging macro environment, according to UBS. The Victoria's Secret Analyst: Jay Sole downgraded the rating for Victoria's Secret from Neutral...

Amazon Inc. (NASDAQ: AMZN) was among the worst-performing mega-cap stocks in 2022 by virtue of its nearly 50% plunge. An analyst at UBS recently took down his price target for the stock. The Amazon Analyst: UBS analyst Lloyd Walmsley maintained a Buy rating and reduced the price target from...

Shares of hydrogen and fuel-cell energy company Plug Power Inc. (NASDAQ: PLUG) were advancing in premarket trading on Wednesday. What Happened: The upside trigger has been bullish initiation by UBS analyst Manav Gupta. The analyst initiated coverage of Plug Power shares with a Buy rating and...

Norwegian Cruise Line Holdings Ltd (NYSE: NCLH) has moved 30% to the upside within six months as the demand environment for cruises is improving. However, analysts at UBS believe the risk/return is skewed less favorably on the stock and downgraded it to Neutral on concerns that the company won...

In November, The Hershey Co (NYSE: HSY) had raised its full-year net sales, citing strong demand into the Christmas season. The Derry Township, Pennsylvania-based company could report a beat and raise quarters through 2025, according to UBS. The Analyst: Cody Ross upgraded the rating for Hershey...