McGraw Hill, Inc. (MH) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
StubHub Holdings, Inc. (STUB) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
Morgan Stanley lowered its price target on Figma (NYSE:FIG) to $38 from $44, maintaining an Equal Weight rating following the design software maker's first-quarter results.
JP Morgan has reiterated 'overweight' ratings on SSE PLC (LSE:SSE) and Centrica PLC (LSE:CNA), arguing that the effects of the Middle East conflict will continue to support European power prices and that utility stocks are well placed to benefit. The bank named SSE as one of its top picks in European utilities alongside Germany's RWE, noting that both offer double-digit earnings per share growth rates above the sector average.
JP Morgan has reiterated its underweight rating on Burberry Group PLC (LSE:BRBY), the FTSE 100 luxury goods group, warning that it is too early to back a sustainable turnaround at the British fashion house. The bank's assessment came in a broader review of the European luxury sector following the first-quarter reporting season, which it said stress-tested quality across the industry amid rising geopolitical volatility, slowing tourist spending, and polarised brand momentum.
Morgan Stanley has lifted its price targets for major Chinese equity indexes, citing stronger earnings, yuan resilience and China's entrenched role in global supply chains, CNBC reported on Thursday. In its latest strategy note, the US investment bank said stronger corporate earnings, a firmer yuan and China's entrenched role in global supply chains should support moderate gains across major indexes over the next year.
Prime Minister Keir Starmer defied calls to quit on Tuesday, but pressure remains. JP Morgan announced late last year that it would build a new three-million square foot tower in London's Canary Wharf.
Morgan Stanley has downgraded Trustpilot Group PLC (LSE:TRST), the London-listed consumer review platform, from 'overweight' to 'equal-weight', arguing that a 60% share price rally this year has left the risk-reward more balanced. The American bank raised its price target modestly to 275 pence from 265 pence, implying roughly 6% upside from the current level of 261 pence.
Morgan Stanley Direct Lending Fund NYSE: MSDL reported lower first-quarter net investment income as recent Federal Reserve rate cuts flowed through its floating-rate portfolio, but management said credit performance remained stable and lender economics are beginning to improve.
BT Group PLC (LSE:BT.A), the FTSE 100 telecoms company, rose almost 3% to 227.5p after JP Morgan argued the stock is entering the next leg of a re-rating that has already seen it double from its 2024 lows, reiterating its 'overweight' rating on the shares. Analyst Akhil Dattani at JP Morgan said the coming months should ease the key concerns that have kept many investors on the sidelines, centring on competition from alternative network providers, known as altnets, the credibility of management's cash flow targets, and a sizeable pension deficit.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Lucid Group (NASDAQ:LCID | LCID Price Prediction) saw its Morgan Stanley price target cut in half to $5 from $10 on May 6, with the firm keeping its Underweight rating.