Nordea and Inderes raise price target for Nokian Tyres
Nordea maintains its Hold rating on tyre manufacturer Nokian Tyres and raises its price target to 14 euros (13), while Inderes reiterates its Sell rating and raises its price target to 12 euros (11.5). Both research houses highlight stronger-than-expected third-quarter results, driven by price increases and cost efficiencies, and raise their profitability forecasts. Nordea sees […]
Point72 back as disclosed short seller in Camurus
Point72 Asset Management is back as a disclosed short seller in pharmaceutical company Camurus, according to the Swedish Financial Supervisory Authority’s register. There are three disclosed short sellers in the company. In total, 4.75 percent of the capital is shorted. The Swedish Financial Supervisory Authority requires positions above 0.1 percent to be reported and short […]
Anthropic reportedly hires JP Morgan and Citi ahead of IPO – BN
The AI company Anthropic has selected JP Morgan to lead the share sale to US retail investors in connection with the planned IPO. Citigroup is expected to be responsible for the corresponding sale internationally, Bloomberg News reports, citing sources. Anthropic is considering reserving 15 to 20 percent of the shares in the offering for retail […]
Telenor board member buys shares for close to NOK 1 million
Norwegian mobile operator Telenor’s board member Ottar Ertzeid bought 7,500 shares in the company on 28 October. The shares were bought at a price of NOK 128.70 per share, in a transaction worth NOK 965,250. The purchase was carried out on the Oslo Stock Exchange, according to an insider disclosure. Following the transaction, Ertzeid owns […]
Garmin results above expectations – raises full-year forecast (update)
(more details) Garmin, which develops navigation equipment and sports watches, among other products, reports revenue in line with expectations for the third quarter. Adjusted earnings per share were better than expected. Revenue increased 12,2 percent to 1 986 million dollars (1 770). The outcome can be compared with the Factset analyst consensus of 1 989. […]
Vertiv’s results beat expectations – raises full-year forecast
US-based Vertiv, which is a competitor to Swedish Munters, reports stronger-than-expected figures for the third quarter. The stock is up nearly 17 percent in premarket trading in the US. Revenue rose 61.2 percent to 4,313 million dollars (2,676). This compares with Bloomberg’s analyst consensus of 3,760. Adjusted earnings per share came to 2.21 dollars (1.24), […]
International Paper’s results better than expected (update)
(more details) U.S. forest products giant International Paper reports revenue in line with expectations for the third quarter. Adjusted earnings per share were better than expected. Revenue fell 0.4 percent to USD 6,197 million (6,222). The figure can be compared with FactSet analyst consensus of 6,278. Adjusted EBITDA amounted to USD 843 million (859), with […]
Otis Worldwide’s results as expected – reiterates guidance
Elevator giant Otis Worldwide, a competitor to Kone, reports figures in line with Wall Street expectations. Full-year guidance is reiterated. Revenue increased 6.0 percent to USD 3.91 billion (3.69). This compares with the Bloomberg analyst consensus of 3.86. Adjusted earnings per share came to USD 1.05 (1.05), which is 1.9 percent above the analyst consensus […]
Nordea warns of AI risks in Vend – still raises target price
Nordea reiterates its sell rating on marketplace company Vend but raises the target price to 149 Norwegian kroner (130). The bank warns that AI agents may already be able to bypass digital marketplaces, threatening Vend’s traffic and revenue model. At the same time, cost savings are expected to provide limited further support going forward. Nordea […]
South Korea accepts arbitration ruling – to pay 114 million dollars to Elliott
South Korea will accept an international arbitration ruling requiring the country to pay approximately 153 billion won, equivalent to 114 million dollars, plus interest to the US hedge fund Elliott Investment Management. Yonhap News reports this. The dispute concerns the 2015 merger of Samsung C&T and Cheil Industries. Elliott claimed that the South Korean government […]
