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The Latest Breaking News from UBS

Here's What Analysts Had To Say About GitLab Post Q1 Beat

Analysts acknowledged GitLab Inc's (NASDAQ:GTLB) Q1 beat by re-rating the stock. RBC Capital analyst Matthew Hedberg maintained GitLab with an Outperform and raised the price target from $64 to $66. GitLab reported a solid start to the year as execution continued in its third quarter as a public company, Hedberg noted. Revenue growth again accelerated while RPO…

Benzinga

Extreme weather blamed as KFC substitutes cabbage for lettuce and prices soar

Extreme weather is being blamed for a shortage of lettuce that has prompted fast food chain KFC to put cabbage on its burgers and led to soaring prices.

The New Daily

Rupee may fall to a new record low on worsening current account

NEW DELHI: The worst is still to come for the Indian rupee after its slide in May to a historic low, according to analysts and forward markets.

The Times of India

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Why Generac Shares Are Surging Today

Generac Holdings Inc. (NYSE:GNRC) subsidiary Generac Grid Services and German utility RWE AG (OTC:RWEOY) reveal the expansion of their collaboration. The companies plan to jointly launch additional market products following the delivery of uninterrupted automatic Frequency Restoration Reserve (aFRR) capacity for the last six months. "Generac Grid Services is proud to support RWE in…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 2, 2022

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For June 1, 2022

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Benzinga

5 Resilient Stocks to Own During a Market Downturn

The stock market closed the last trading session of May in the red, underscoring inflation fears and rising oil prices. Furthermore, strategists expect the broad market to decline further, given the inflationary pressures and the Fed’s monetary tightening. Hence, we think stocks that have outpaced the broader market so far…

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Why Kraft Heinz Shares Are Falling Today

The Kraft Heinz Co (NASDAQ: KHC) shares are trading lower Thursday following bearish analyst coverage from UBS.

Benzinga

10 Biggest Price Target Changes For Thursday

UBS cut The Kraft Heinz Company (NASDAQ: KHC) price target from $40 to $34. Kraft Heinz shares fell 3.1% to $38.66 in pre-market trading.

Benzinga

UBS Maintains Sell Rating for Williams-Sonoma: Here's What You Need To Know

UBS has decided to maintain its Sell rating of Williams-Sonoma (NYSE:WSM) and lower its price target from $140.00 to $100.00. Shares of Williams-Sonoma are trading down 5.44% over the last 24 hours, at $102.41 per share. A move to $100.00 would account for a 2.35% decline from the current share…

Benzinga

This Investor Is Comfortable Holding Apple Stock, But Is Concerned About Amazon: Here's Why

UBS upgraded the technology sector to Overweight on Wednesday morning, but Requisite Capital Management's Bryn Talkington splashed caution on the analyst firm's call.

Benzinga

UBS Maintains Neutral Rating for Jack In The Box: Here's What You Need To Know

UBS has decided to maintain its Neutral rating of Jack In The Box (NASDAQ:JACK) and lower its price target from $93.00 to $85.00. Shares of Jack In The Box are trading down 3.57% over the last 24 hours, at $76.15 per share.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For May 16, 2022

Upgrades

Benzinga

Ex-UBS banker loses appeal over selling client data to Germany

Switzerland's highest court has dismissed an appeal by a former UBS banker convicted in absentia of espionage for selling information about wealthy clients to German tax authorities.

Reuters

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ABC News

With interest rates about to start rising, experts estimate almost 300,000 mortgage borrowers are at serious risk of default

As interest rates rise, almost 300,000 people who took large and risky home loans during the pandemic could fall into severe financial hardship or even default.

The Independent UK

Treasury gamble on households spending their pandemic savings to survive the cost of living crisis

Exclusive: Government has withheld financial support for squeezed households, thinking they could rely on savings, Whitehall sources say

The Philadelphia Inquirer

Comcast shares drop as subscriber growth slows

Shares of Comcast fell as much as 8% in morning trading, before closing down just over 6% at $41.70, after the Philadelphia-based media giant reported a slowdown in new subscribers, as it spends more to lure them.

Benzinga

UBS Maintains Buy Rating for Alphabet: Here's What You Need To Know

UBS has decided to maintain its Buy rating of Alphabet (NASDAQ:GOOGL) and lower its price target from $3850.00 to $3600.00. Shares of Alphabet are trading down 3.63% over the last 24 hours, at $2286.75 per share. A move to $3600.00 would account for a 57.43% increase from the current share…

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Benzinga

Wall Street Banks Slash Chinese Companies' Profit Forecasts - Read Why

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption. A week-long lockdown that shut down much of Shanghai…

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 26, 2022

Upgrades According to Susquehanna, the prior rating for Boyd Gaming Corp (NYSE:BYD) was changed from Neutral to Positive. At the moment, the stock has a 52-week-high of $72.72 and a 52-week-low of $50.38. Boyd Gaming closed at $64.20 at the end of the last trading period.

The Guardian - AU

UBS should be banned from doing business in PNG after loan deal, PM tells parliament

James Marape says failed deal cost country ‘in excess of $AUD340m’ and accused bank of overcharging by AUD$175m

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 20, 2022

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Benzinga

What Does Quantitative Tightening Mean For Stocks And The USD?

In its most recent policy meeting in March, the US Federal Reserve hinted at plans to shrink its balance sheet at a rapid pace of $95 billion per month, its latest attempt to tame red-hot inflation in addition to its aggressive rate hikes in the comi

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 18, 2022

Upgrades

Benzinga

UBS Upgrades Rating to Buy for Humana, Raises Price Target To $520

UBS upgraded its rating of Humana (NYSE:HUM) to Buy with a price target of $520.00, changing its price target from $486.00 to $520.00. Shares of Humana are trading up 2.2% over the last 24 hours, at $458.92 per share. A move to $520.00 would account for a 13.31% increase from…

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