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HSBC upgrades China Railway to "shareholding" rating and raises target price to HKD 6.2.
Morgan Stanley released a research report stating that it has raised its net income forecasts for China Railway (0390) for this year and the next by 1% and 4% respectively to RMB 35.7 billion and RMB 38.2 billion. The bank expects the company's revenue growth rate to slow down to low single digits YoY this year due to pressure from local government receivables, and estimates that the company's operating cash flow will decline YoY, while gross margin is expected to remain stable. The bank has raised China Railway's target price from HKD 6.1 to HKD 6.2 and given it a “shareholding” rating.
Jobless Claims Forecast to Decline From High Levels of Previous Week
A softening labor market could prompt the Federal Reserve to cut interest rates sooner than expected.
Taiwan Semiconductor's market cap approaches $1 trillion as major Wall Street firms like Goldman Sachs raise their target prices.
As Taiwan Semiconductor's market cap approaches the $1 trillion mark, the call for optimism is getting higher. Several Wall Street brokerages raised their target price for Taiwan Semiconductor this week, citing the surge in demand for AI-related products and potential price hikes in 2025 that will boost Taiwan Semiconductor's profits. The most optimistic is Goldman Sachs, which raised its target price by 19% to NT$1,160, as it expects the manufacturing prices of 3-nanometer and 5-nanometer chips to rise by "low single-digit percentages." JPMorgan said Taiwan Semiconductor could raise its revenue outlook for 2024 and may even increase capital expenditure to the high end of guidance range, forecasting AI-related growth until 2028.
Those Who Invested in Morgan Stanley (NYSE:MS) Five Years Ago Are up 168%
When you buy a stock there is always a possibility that it could drop 100%. But on a lighter note, a good company can see its share price rise well over 100%. For example, the Morgan Stanley (NYSE:M
MapLight Therapeutics Taps Morgan Stanley, Jefferies for IPO
Morgan Stanley (MS) Rises Higher Than Market: Key Facts
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EZ_moneyOP : buy the discount
I Am 102927471 :
EZ_moneyOP I Am 102927471: