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The Latest Breaking News from Credit Suisse

Credit Suisse issues profit warning caused by jump in legal costs

The bank, beset by a string of controversies, has put aside an extra 600m Swiss francs for unspecified cases

The Guardian - UK

L’Oreal First-Quarter Sales up 13.5%

Cosmetics group L'Oreal reported better than expected first-quarter sales growth on Tuesday, citing strong demand in the US, Europe and mainland China as consumers brushed off concerns about inflation and snapped up high-end beauty products. Sales for the first three months of 2022 rose 13.5% on a like-for-like basis to…

Asharq Al-Awsat

Here's Why Credit Slashed Its Price Target On PayPal

Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment The factors included CFO departure, inflationary pressures on…

Benzinga

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read the most diverse news in one place.

Credit Suisse Gains Conviction On Luminar, Thanks To Volvo, Mercedes, Nvidia

Credit Suisse analyst Dan Levy initiated coverage of Luminar Technologies Inc (NASDAQ:LAZR) with an Outperform rating and a $22 price target (51% upside). The analyst is optimistic about Luminar, as he believes the company is the "best of breed in the rapidly growing" mobility LiDAR market. Its commercial progress reflects a moat in LiDAR…

Benzinga

Credit Suisse Maintains Outperform Rating for Ross Stores, Raises Price Target To $125

Credit Suisse has decided to maintain its Outperform rating of Ross Stores (NASDAQ:ROST) and raise its price target from $118.00 to $125.00. Shares of Ross Stores are trading up 3.27% over the last 24 hours, at $100.01 per share.

Benzinga

Discount Play Rallies On Price-Target Hike, Signs Customers Are 'Trading Down'

Ross Stores rallied after receiving a price-target hike from Credit Suisse, which called the ROST stock a top pick.

Investors Business Daily

EU sanctions Alisher Usmanov’s sister

Saodat Narzieva held 27 secret Swiss bank accounts linked to the Russian oligarch

The Guardian - UK

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Economía venezolana podría crecer en 20% este año, pronostica Credit Suisse

Apr. 7—La economía venezolana podría alcanzar un crecimiento de 20% este año de concretarse las expectativas de que el crudo del país sudamericano sea utilizado para sustituir los barriles rusos que dejaron de ser adquiridos por Estados Unidos como consecuencia de la invasión de Ucrania, pronosticó el jueves Credit Suisse.

Tribune News Service

KPMG Says Woodside Investors To Benefit From $40B Merger With BHP Petroleum Arm: Reuters

According to an independent expert, Woodside Petroleum Ltd's (OTC: WOPEY) merger agreement with BHP Group Ltd's (NYSE: BHP) petroleum arm is in the best interest of its shareholders, valuing the c

Benzinga

Credit Suisse Is Bullish On This Data Center Operator Amid Odds - Read Why

Credit Suisse analyst Sami Badri initiated coverage of Cyxtera Technologies Inc (NASDAQ:CYXT) with an Outperform rating and a $15 price target. The price target implied an upside of 20% from current levels. Cyxtera is a data center operator in the retail colocation segment, previously a part of Lumen's portfolio. Cyxtera's occupancy rate of 70.9% lagged the…

Benzinga

Credit Suisse Initiates Coverage On Few Building Products Companies

Credit Suisse analyst Daniel Oppenheim initiated coverage on a few building products companies. The analyst believes strong housing turnover, significant home equity and confidence in home values, and age of housing stock to drive further growth for building products companies.

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For April 5, 2022

Upgrades

Benzinga

Are Investors Bullish On Chinese Stocks Again?

A raft of regulations targeting a number of sectors — from technology to real estate and education — have hammered Chinese stocks late last year and into 2022, and although many economists remain bullish on Chinese stocks’ potential, Beijing’s relationship with the Kremlin is now weighing on investor appetite for…

Benzinga

Zoltan Poszar On Bretton Woods III: The Credit Suisse Wonderkind Talks About The New World Evolving In The Wake Of Russia's Invasion Of Ukraine

Alexander Bobrov/Pexels

Benzinga

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Benzinga

"You Can Print money, But Not Oil To Heat Or Wheat To Eat": Zoltan Pozsar Warns Central Banks Won't Be Able To Paper Over Russia-Related Commodity Shortages.

Tymur Khakimov/Pexels Zoltan Strikes Again

Benzinga

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

Upgrades

The Hindu

SpiceJet says it has reached settlement with Credit Suisse over $24 million dispute

The settlement involves payment over a mutually agreed period of time

Benzinga

Toast Shares Gain On Macro Tailwinds

Toast Inc (NYSE:TOST) has appointed veteran officer Jennifer DiRico as General Manager and Head of International. Analyst Rating: Credit Suisse analyst Timothy Chiodo initiated coverage of Toast with a Neutral rating and a $22 price target (2% upside). Toast has one of the best business models in payments, processors, and FinTech space. However, Toast's current valuation…

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Benzinga

Analysts Slash Price Target On This Restaurant Company Post Q3 Results

Credit Suisse analyst Lauren Silberman lowered the price target on Darden Restaurants Inc (NYSE:DRI) from $180 to $175 and maintained Outperform rating on the shares. The revised price target implies a 34% upside. While the analyst acknowledged the concerns about the discretionary nature of casual dining, she believes Darden is well-positioned to wade through near-term…

Benzinga

Credit Suisse Bumps Up Liberty Global's Price Target By 35%

Credit Suisse analyst Luis Sanchez-Lecaroz upgraded Liberty Global PLC (NASDAQ:LBTYA) to Outperform from Neutral with a price target of $35, up from $26. The price target implies an upside of 35%. Sanchez-Lecaroz sees upside from Liberty's fiber and other monetizations. Sanchez-Lecaroz considers Liberty Global as the best way for investors to attain exposure to fiber…

Benzinga

5 Nvidia Analysts On AI Inflection, A $1-Trillion Opportunity, Silicon-Software Split And Sky-High Valuation

At the Nvidia Corporation (NASDAQ: NVDA) GTC 2022 virtual keynote event, CEO Jensen Huang announced several breakthrough, inno

Benzinga

Credit Suisse Initiates Coverage On Paycom: Current Valuation 'Does Not Reflect Growth'

Paycom Software Inc (NYSE: PAYC) is poised to benefit from the increasing use of technology-driven employee benefit consumption, according to Credit Suisse.

Benzinga

Xtep Revenue Leaps to Record on China's New Long Run to Sports

Key Takeaways: Xtep’s revenue grew 23% last year to a record 10 billion yuan, though its newer brands lost money The company is less profitable than industry leaders Anta and Li Ning, leading its shares to trade at a discount By Lau Ming

Benzinga

Benzinga's Top Ratings Upgrades, Downgrades For March 23, 2022

Upgrades For E2open Parent Holdings Inc (NYSE:ETWO), Colliers Securities upgraded the previous rating of Neutral to Buy. At the moment, the stock has a 52-week-high of $14.58 and a 52-week-low of $7.66. E2open Parent Holdings closed at $9.37 at the end of the last trading period.

The Guardian - UK

Oligarch linked to billions in 27 Swiss bank accounts in sister’s name

Leaked documents raise questions over financial relations between relatives of billionaire ex-Arsenal shareholder Alisher Usmanov

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