Investors should pass on shares of Ericsson and Nokia, say Barclays analysts who downgraded both telecom equipment providers, citing unappealing valuations and struggling radio access networks (RAN).The pair were dropped to underweight from neutral, with price targets lowered 15% and 35%, respectively. Shares of Ericsson ERIC, +1.49% ERIC.B, -3.04% fell over 3% and Nokia NOK, +0.58% NOKIA, -2.39% dropped more than 2% locally, with those losses reflected in U.S-listed shares ahead of the market’s open. “Tele ...

Barclays (LON: BARC) share price has sold off sharply in the past few days as investors digest the ongoing bank earnings season. The stock retreated to a low of 140p on Thursday, about 10% below the highest point this year. It also remains 24% below the highest point in 2023, meaning it is in a deep bear market.Barclays share price chart CEO Venkatakrishnan’s view on BarclaysCopy link to sectionIn a Bloomberg interview at the World Economic Forum, CEO C.S Venkatakrishnan said that he believed that the compa ...

Deliveroo PLC (LSE:ROO) was a rare flash of green on a day of red in global stock markets, pedalling 3% higher after Barclays upgraded its rating and set out six reasons to own the stock. Moving to an ‘overweight' stance on the shares, the reasons set out by the bank's analysts were as follows: growth should improve in 2024 mid-term margin upside is seen M&A upside once founder Will Shu's special class B shares are due to expire in April possible cash returns valuation support on free cash flow basis and F ...

SolarEdge Technologies (NASDAQ:SEDG) stock is dipping on Wednesday after the solar energy company’s shares were downgraded by Barclays analyst Christine Cho.That saw the Barclays analyst drop SEDG stock from an “equal weight” rating to an “underweight” rating today. That’s worse than the analysts; consensus “hold” rating for SEDG shares.Adding to that trouble is a price target drop from $74 per share to $50 per share for SEDG stock. That represents a roughly 31.5% downside compared to yesterday’s closing pr ...

LONDON & NEW YORK--(BUSINESS WIRE)--Barclays today announces that it is establishing a new Energy Transition Group, within its Corporate and Investment Bank. The new group will be responsible for providing strategic advice to clients as they explore potential energy transition opportunities. “At Barclays, we have long believed the energy transition will effectively re-shape how businesses and the world are thinking about the transition to net-zero,” says Cathal Deasy, Global Co-Head of Investment Banking ...

LONDON--(BUSINESS WIRE)--Barclays Research and IBM’s Institute for Business Value today released a new Impact Series report, entitled “AI revolution: productivity boom and beyond.” The report examines whether AI can become the final accelerator to boost productivity and what this could mean for industries and the wider economy. “The world’s demographic patterns are shifting in unprecedented ways and productivity growth in advanced economies has been disappointingly low over the past two decades, despite ...

智通财经APP获悉，巴克莱发布研报，给予苹果(AAPL.US)“减持”评级，目标价160美元。 分析师Tim Long表示，苹果在最近一个季度的应用商店销售可能强劲，但这家科技巨头今年将在几个方面面临更加困难的环境。 Long表示，去年12月App Store同比增长10%，这一数字与去年9月至11月的增长“基本一致”。然而，他们也认为App Store的增长已经趋于平稳。 分析师写道:“我们认为，随着竞争在未来几个季度变得更加困难，App Store的增长速度可能会放缓至(中个位数)，而不是目前(个位数至10%)的增长速度。” 苹果的硬件收入被认为与预期大致相符，但下一季度的收入可能会比预期“弱得多”，原因包括供应链反馈、疲软的宏观环境、安卓销售反弹，以及围绕谷歌反垄断案的持续问题。 该行表示，“总的来说，我们的调查仍然表明，iPhone的销量持续疲软，中国的iPhone销量疲软(过去两周大幅下降[两位数])，美国和欧元的宏观经济疲软，只有新兴市场的强劲势头不足以抵消。美国司法部对谷歌的审判也存在风险，可能会影响苹果近10%的每股收益。” ...

Barclays PLC (LSE:BARC) and Banco Santander (LSE:BNC) are the latest major lenders to slash mortgage rates.  Today, Barclays is expected to cut rates by up to 0.5 percentage points on products targeting homebuyers, including new two-year fixed-rate deals.  Barclays’ cheapest two-year fixed rate, which is only available to buyers with a deposit of at least 40%, will be cut from 4.62% to 4.17%.  It is also dropping its two-year fixed rate to 4.2% for buyers with a 25% deposit, while customers with a small dep ...

Two of the UK’s largest mortgage lenders have cut their mortgage rates following similar moves by rivals. Barclays and Santander have both cut rates by about half of a percentage point on various products notably on two-year fixed mortgages. A two-year fixed with 60% loan to value at Barclays is down from 4.62% to 4.17% while for new customers Santander is cutting rates by up to 0.56% for new customers.  The Spanish bank is offering a 60% LTV five-year fixed rate mortgage will be available at 3.94% while re ...

GSK PLC (LSE:GSK, NYSE:GSK) should deliver better than expected fourth-quarter results on January 31, according to Barclays, amid heightened expectations driven by the robust performance of its RSV vaccine, Arexvy. Analysts at the bank, who also wondered if 2024 could be "the year Zantac goes away?", said the last set of quarterly results were muddied by the performance of Arexvy. "Though Arexvy's result at 3Q created a lot of confusion, with the inventory stocking benefit and launch costs [were] somewhat u ...