French football league settles rights dispute with DAZN
Agreement allows Ligue 1 to explore deals with other broadcasters or potentially show games itself
The French football league and media group DAZN have settled their broadcast rights dispute, allowing the league to open talks with other broadcasters or potentially set up its own channel to screen matches.
The settlement, confirmed by both parties on Friday, concludes several months of negotiations and a legal battle.
DAZN last year agreed to pay about €400mn a year for the rights to show the majority of Ligue 1 matches from 2024 to 2029. But subscriber numbers have not met its expectations, losses were piling up and the broadcaster argued that the league was not doing enough to tackle piracy.
The UK-based broadcaster had refused to continue on the previously agreed financial terms beyond this season, which is due to conclude this month.
The league and DAZN faced off in court over the contract, with the threat of financial crisis hanging over smaller clubs if the funds were not paid.
DAZN has released the French league operator from the exclusivity agreed under their contract, according to two people with knowledge of the matter.
Ligue de Football Professionnel, which runs the top two leagues in France, will talk to other potential broadcast partners in the coming weeks, the people said.
The league could find an alternative broadcaster or set up its own channel, an initiative that could ultimately be supported by DAZN. The company said earlier this week that it had proposed to invest €100mn in the league’s “channel project” over the first two years.
If DAZN pulls out of the contract completely and does not invest in the new channel, then it would have to pay a break fee to the league of around €100mn.
Broadcasting is a vital source of revenue to clubs, in addition to ticket sales and sponsorship arrangements, that enables them to attract and retain top players.
The French league, which includes Paris Saint-Germain and Olympique Marseille, has been in a state of near permanent crisis for the past five years. Its struggles go back to its decision to pick Spain’s Mediapro over long-standing French partner Canal+ in an auction in 2018, when overall media rights value jumped 60 per cent to €1.15bn a season.
But Mediapro stopped paying during the pandemic, leaving the league in the lurch. Canal+ refused to bid for the rights again, accusing the league of showing a “total lack of transparency”.
In 2022, with the league in need of capital to repair its finances, CVC Capital Partners invested €1.5bn. In return, the private equity firm was granted a stake in the commercial entity that markets the league’s broadcast rights.
That entity recently hired veteran French TV executive Nicolas de Tavernost, who was responsible for the recent talks with DAZN. His arrival has also raised hopes of mending relations with Canal+. Maxime Saada, who leads the French broadcaster, recently welcomed de Tavernost’s appointment.
Gautam Adani nephew denies insider trading
Pranav Adani seeks settlement with India’s markets regulator over allegations linked to energy company acquisition
A nephew of Indian infrastructure tycoon Gautam Adani has denied violating laws against insider trading, saying he is seeking to settle allegations made by the country’s capital markets regulator.
News of the accusations against Pranav Adani, who sits as a director on multiple companies in the sprawling Adani Group, is likely to add to scrutiny of the conglomerate’s controlling family after its billionaire founder was criminally charged in the US last year.
The case relates to the acquisition of SB Energy, a solar and wind power producer then backed by Japanese tech group SoftBank and Indian telecoms billionaire Sunil Mittal, by Adani Group’s renewable energy arm in 2021, according to a person familiar with the matter.
Reuters news agency reported earlier on Friday that the Securities and Exchange Board of India had last year sent a notice to Pranav Adani alleging he shared information about the deal, prior to its public announcement. The Mumbai-based regulator did not respond to a request for comment.
Pranav Adani said in a statement that he had filed a settlement application “to put an end to the matter, without admission or denial of the allegations”.
“I categorically state that I have not violated any securities laws including the insider trading regulations,” he added. “The regulations relating to insider trading have been complied with, by me in law and spirit.”
The SB Energy deal had a $3.5bn enterprise valuation and was labelled India’s largest ever green energy acquisition.
The accusations against one of the Adani family’s inner circle surfaced just as the conglomerate was regrouping after US authorities late last year charged its chair Gautam Adani and seven others, including another nephew, Sagar Adani, over an alleged renewable energy bribery scheme.
Adani Group has dismissed the US charges as “baseless”.
The allegations against Pranav Adani cast a pall over the commissioning of an Adani deepwater port in the southern Indian state of Kerala on Friday, an event presided over by Prime Minister Narendra Modi.
Modi has been criticised by Indian opposition parties for his perceived closeness to Gautam Adani. Both the prime minister and tycoon have denied any undue favouritism.
The conglomerate has been exploring a revival of plans to invest billions of dollars into American projects following Donald Trump’s re-election, the Financial Times has reported.
It also attracted funding from the likes of BlackRock and a half-dozen US and European investors in a $750mn private placement bond issue last month.
Early premarket gappers
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Gapping up:
- NPKI +14.2%, SVV +14.1%, IRTC +13.6%, EXAS +10.9%, HR +10.1%, TWLO +10.1%, DUOL +9.4%, NVST +7.6%, PRDO +7.3%, BTSG +6.9%, CART +6.4%, SPXC +6.1%, PRLB +6.1%, OLN +6%, ADPT +6%, RDDT +5.6%, RMAX +5.1%, ING +5.1%, FLR +5.1%, TILE +4.9%, COLM +4.7%, WSC +4.7%, BOOM +4.2%, WBS +4.1%, CBL +4.1%, ATEC +4%, DXCM +3.8%, ULCC +3.5%, BMRN +3.5%, RGA +3.2%, PLRX +3.1%, CNI +3.1%, RYAN +3.1%, SHEL +3.1%, GMAB +3%, ZETA +3%, BJRI +3%, SMMT +2.8%, MTZ +2.8%, KOD +2.7%, AMH +2.1%, LYV +2%, AMED +1.9%, EQNR +1.9%, AMGN +1.8%, DAL +1.7%, CTRE +1.7%, DOW +1.6%, EBS +1.6%, CI +1.6%, AJG +1.4%, MSTR +1.4%, SM +1.3%, TRUP +1.3%, SPR +1.2%, ALSN +1.1%, RTX +1%, X +1%
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Gapping down:
- XYZ -21.7%, DRH -18.5%, ARDX -16.5%, TEAM -15.7%, CABO -14.1%, TREE -13.4%, TARS -11%, CYTK -10.8%, VEL -8.6%, BBAI -8.1%, PRO -7.8%, RGP -7.5%, VIAV -6.6%, ROKU -5.9%, ABNB -4.6%, RRR -4.5%, MPWR -4.4%, LOAR -4.2%, ETNB -4.1%, OSPN -3.8%, GDDY -3.3%, ATEN -3.3%, WK -3.2%, AAPL -3.1%, PEB -3.1%, IR -3%, DLB -2.9%, FIVN -2.9%, GDOT -2.6%, TVTX -2.6%, SEM -2.4%, ALHC -2.4%, IPI -2.3%, ZEUS -2.1%, ASND -2%, PSO -2%, PCOR -1.9%, EGO -1.8%, AMZN -1.7%, FND -1.7%, MSI -1.6%, DD -1.6%, MGA -1.4%, LOCO -1.3%, CUBE -1.3%, NWG -1.3%, UVE -1.2%, UMH -1.2%
>>> Up
* Air France-KLM Raised to Hold at Deutsche Bank; PT 8.50 euros
* ASM Intl Raised to Buy at HSBC; PT 560 euros
* Burberry Raised to Buy at Citi; PT 925 pence
* Caterpillar Raised to Neutral at Baird; PT $309
* Cofinimmo Raised to Neutral at BNPP Exane; PT 80 euros
* Currys Raised to Buy at Deutsche Bank; PT 130 pence (+)
* Derwent London Raised to Buy at Citi; PT 2,767 pence
* Endomines Finland Raised to Accumulate at Evli Bank (+)
* Meta PT Raised to $650 from $615 at Morgan Stanley
* Meta PT Raised to $675 from $610 at JPMorgan
* Pandox Raised to Buy at DNB Markets; PT 200 kronor
* Remy Cointreau Raised to Equal-Weight at Barclays; PT 39 euros
* Remy Cointreau Raised to Equal-Weight at Barclays; PT 39 euros
* Sandoz Group Raised to Outperform at RBC; PT 44 Swiss francs
* Solvay Raised to Neutral at BNPP Exane; PT 32 euros
* Spirax Raised to Buy at Peel Hunt; PT 7,500 pence
* Stora Enso Raised to Buy at Stifel; PT 11 euros
* Talanx Raised to Overweight at Morgan Stanley; PT 114 euros
>>> Down
>>> Down
* Albemarle Cut to Strong Sell at CFRA
* Borregaard Cut to Hold at Berenberg; PT 205 kroner
* Cable One Cut to Market Perform at Raymond James (+)
* Cintas Cut to Sell at Redburn; PT $171
* Clarkson PT Cut to 3,800 pence at Panmure Liberum
* Coca-Cola HBC Cut to Hold at Investec; PT 4,120 pence
* Coloplast Cut to Neutral at Oddo BHF; PT 727 kroner
* DNB Bank Cut to Hold at Norne Securities; PT 275 kroner
* Garmin PT Cut to $152 from $188 at Barclays
* Garmin PT Cut to $152 from $188 at Barclays
* General Motors PT Cut to $43 from $48 at Piper Sandler
* GN Store Nord Cut to Neutral at JPMorgan; PT 135 kroner
* Hunting Cut to Hold at Investec; PT 270 pence (+)
* Kone Cut to Reduce at Inderes; PT 55 euros
* Loihde Cut to Reduce at Inderes; PT 11.70 euros
* LVMH Cut to Equal-Weight at Barclays; PT 550 euros (+)
* Moderna PT Cut to $32 from $40 at Citi
* Moderna PT Cut to $28 from $32 at RBC
* P&G Cut to Neutral at Redburn; PT $161
* Pihlajalinna Cut to Accumulate at Inderes; PT 15.50 euros
* Robert Half Inc Cut to Neutral at BNPP Exane; PT $45
* Schindler Cut to Market Perform at ZKB; PT 315 Swiss francs (+)
* Schindler Cut to Sector Perform at RBC; PT 310 Swiss francs
* Snap Cut to Hold at CFRA
* Stellantis PT Cut to $10 from $13 at Piper Sandler
* Swatch PT Cut at RBC on Unfavorable FX and Weak Export Outlook (+)
* UPS Cut to Hold at HSBC; PT $105
* Watches of Switzerland Cut to Sector Perform at RBC
>>> Initiation
>>> Initiation
* AMS-Osram Reinstated Buy at Hauck & Aufhaeuser (+)
* EDP SA Rated New Buy at Redburn; PT 4.50 euros (+)
* EDP Renovaveis Rated New Neutral at Redburn; PT 9.40 euros (+)
* FACC Reinstated Buy at Hauck & Aufhaeuser; PT 10.30 euros (+)
* GlobalData Rated New Buy at Shore Capital; PT 225 pence
* RWE Rated New Buy at Redburn; PT 42 euros (+)
* Trainline Rated New Buy at Investec; PT 425 pence
* Unite Group Rated New Buy at Citi; PT 1,205 pence
>>> Call
* Unite Group Rated New Buy at Citi; PT 1,205 pence
>>> Call
* JPMorgan Strategists Say Earnings Growth Stronger Than Expected (+)
* Nvidia Gets Rare Sell Rating as Seaport Says AI Fully Priced In
* Nvidia Gets Rare Sell Rating as Seaport Says AI Fully Priced In
* Sandoz Raised to Outperform at RBC on Manageable Tariff Threat
* Schindler Downgraded at RBC Following ‘Justified’ Re-Rating
* Swatch PT Cut at RBC on Unfavorable FX and Weak Export Outlook (+)
* Unite Group Outlook Not Fully Priced In, New Buy at Citi
Asian stocks climbed to the highest level in more than a month and US equity-index futures advanced Friday after China said it’s evaluating trade talks with the US, boosting optimism that tariff tensions will tamp down. A regional gauge rose 1.5% as China assessed talks after senior US officials repeatedly expressed a willingness to discuss. Japanese shares rose 1.1% on positive comments from the country’s chief trade negotiator. Contracts for the S&P 500 and European stocks jumped. The MSCI EM Currency Index advanced 0.5% to a record high. Gold was set for its first back-to-back weekly loss this year while 10-year Treasuries fell. The S&P 500 has gained for eight consecutive days - the longest run since August - amid increased optimism that trade tensions are waning since President Donald Trump announced century-high levies April 2. That sentiment faces a test as investors turn their attention to the US jobs report due Friday, the last piece of significant data this week, after disappointing earnings from Apple Inc. and Amazon Inc. China’s statement signals the stalemate between the world’s two largest economies may shift, after Trump hiked US tariffs and Beijing retaliated in kind. Trump has repeatedly said President Xi Jinping needs to contact him in order to begin talks. Earlier this week, Treasury Secretary Scott Bessent said it’s up to Beijing to take the first step to de-escalate the dispute. While expressing a newfound openness to talks, China’s Commerce Ministry framed its statement as being consistent with Beijing’s previous position. As a condition to negotiations, China asked the US to show its sincerity and be prepared to correct its “wrong practices” by scrapping the unilateral tariffs. Taiwan’s dollar jumped by the most since 2022, as the island’s exporters sped up dollar conversions to the local currency amid easing China-US trade tensions. Meanwhile, Trump is asking Congress for deep cuts to domestic agencies and a boost to the military in a preliminary outline of his 2026 budget request to be released Friday. Japanese shares rose after the country’s chief negotiator said he aims to achieve a trade agreement with the US in June, with the high-stakes bilateral discussions expected to gain momentum in mid-May. His comments came after concluding the latest round of talks in Washington. Japan’s Finance Minister Katsunobu Kato said that the country’s US Treasury holdings could be a card in its trade negotiations with the US, in response to a question asking whether Japan’s stance of not easily selling the holdings could be seen as a negotiation tool. Earlier, Apple shares slipped 3.8% in late US trading after it reported sales from China declined more than anticipated in the latest quarter, overshadowing otherwise solid results. Meanwhile, Amazon gave an operating income forecast that missed expectations when markets closed, pushing shares lower in post-market trading. Amazon slumped 3.2% in after-hours. Microsoft Corp. and Meta Platforms Inc. jumped on upbeat earnings, while a report of the US weighing a potential easing of restrictions on Nvidia Corp.’s sales to the United Arab Emirates pushed the chip-maker’s shares higher during Thursday’s session. US After Hours Busy earnings session; AAPL -3.9%, AMZN -2.3% lower on earnings, also TEAM -16.8%, TREE -13.6%, ROKU -5.6%, ABNB -5.5%; DUOL +9.8%, TWLO +8.7%, RDDT +5.3%, CART +3.8%, FND +3.7% higher on earnings
Nikkei +1,22% Hang Seng +1.70% CSI -0.12% Shanghai Closed Shenzen Closed
Eur$ 1.1310 CNH 7.2551 CNY 7.2713 JPY 145.21 GBP 1.3318 CHF 0.8280 RUB 81.8289 TRY 38.5613 WTI$ 59.58 +0.61% Gold 3,256 +0.48% BTC 96,864 +0.38% ETH 1,836 -0.21%
S&P +0.65% Nasdaq +0.43% EuroStoxx +1.10% FTSE +0.58% Dax +1.27% SMI +0.32%
Macro :
- Sefcovic Says EU Could Buy More US Gas, Agriculture Goods: FT
- Bitcoin Approaches $100,000 After Breaking Through 10-Week High
- US Seeks Bilateral Minerals Deals With Congo, Rwanda: Reuters
- EU to Present New Trade Proposals to US Negotiators Next Week
- China CIC to Sell $1b of US Private Equity Investments: Rtrs
- US Has Reached Out to China for Tariff Talks, CCTV Says
- US Has Reached Out to China for Tariff Talks, CCTV Says
- Ripple Is Said to Have Offered to Buy Stablecoin Rival Circle
- European Investors Wary of Dollar Risks to Boost Euro, BNP Says
- BofA Scraps London Bankers’ Bonus Limit: Financials Wrap
- Oil Holds April’s Slump as Saudis Signal Increased OPEC+ Supply
- UK Must Be Ready to Bend Rules During Trade Talks, IPPR Says
Keep an eye on :
Keep an eye on :
- AIR FP : Airbus Tells US Airlines They’ll Need to Pay Their Own Tariffs
- AIR FP : Airbus Outlook Should Be Achieved, Despite Tariffs: Street Wrap
- ABNB US : Airbnb Sees 2Q Rev. $2.99B to $3.05B, Est. $3.03B: Snapshot (1)
- ALB US : Lithium Miner Albemarle Bets on Cost Cuts to Ride Out Trade War
- ALMB DC : Alm Brand 1Q Pretax Profit Beats Estimates
- AMZN US : Amazon Plans to Build Dozens of US Warehouses in Rural Expansion
- AMZN US : Amazon 2Q Operating Income Forecast Misses Estimates: Snapshot
- MT NA : French Govt Doesn’t Plan to Nationalize ArcelorMittal Sites
- AWK US : American Water 1Q Adjusted EPS Misses Estimates
- AAPL US : Apple Falls as China Sales and Tariffs Hit Results, *APPLE ESTIMATES $900 MILLION IN COST INCREASES ON TARIFFS IN Q3
- AAPL US : Apple to Source Billions of US-Made Chips in Supply Chain Shift
- AAPL US : Apple Dealt Stinging Court Defeat on App Store Sales Commissions
- BHC CN : Bausch Health Boosts FY Revenue Forecast
- BAS GY : BASF 1Q Adjusted Ebitda Meets Estimates
- BAYN GY : Bayer to Shut US Seed Treatment Equipment Unit on Financial Woes
- BBVA SM : Spain’s Antitrust Agency Clears BBVA’s Sabadell Bid With Terms
- ATD CN : Couche-Tard Clinches Deal to Deepen Seven & i Takeover Talks
- BASE US : Activist Irenic Capital Is Said to Build Stake in Couchbase
- COFB BB : Aedifica Offers to Buy Cofinimmo for €80.91/Share: M&A Snapshot
- CYTK US : Cytokinetics Shares Fall as FDA Reviews Belated Safety Plan (1)
- DAN IM : Danieli Gets SSAB Contract for Fossil-Free Steel Mill in Sweden
- DANSKE DC : Danske Keeps FY Net Income Forecast; 1Q Beats Estimates (1)
- DBV FP : DBV Tech 1Q Loss per Share 26C Vs. Loss/Shr 28C Y/y
- DAL US : Delta Air Lines Authorizes $1B Share Buyback Program
- DEME BB : DEME Group NV: DEME Completes Havfram Acquisition
- EDP PL : EDP Completes Sale of 90% Stake in Transmission Line in Brazil
- EQNR NO : Equinor Offloads Stake in Brazilian Oil Field for $3.5 Billion
- FIA1S FH : Finnair Will Cancel ~140 Flights on Friday Due to Strikes
- GLEN LN : Antamina Mine Restart Continues in Peru After Community Protest
- GN DC : GN Cuts Growth, Profitability Forecasts Due to Tariffs
- HOLX US : Hologic Cuts FY Adjusted EPS Forecast
- INGA NA : ING 1Q Net Income Beats Estimates
- JBH LN : JAB Seeks $2.5 Billion for Keurig Dr Pepper Share Block (1)
- Lactalis : Meiji, Lactalis Weigh Bids for Fonterra Consumer Units: Reuters
- LAND SW : Landis + Gyr Sees 2025 Adjusted Ebitda Margin 10.5% to 12%
- LI US : Li Auto April Vehicle Deliveries 33,939 Units Vs. 25,787 Y/y
- LSEG LN : LSE Group 1Q Total Income Meets Estimates
- LLOY LN : Lloyds 1Q Statutory Pretax Profit Misses Estimates
- MC FP : Moët Hennessy Says It Will Reduce Workforce to 2019 Levels
- META US : Meta Jumps as Advertising, AI Spending Defy Tariff Concerns (4)
- MSFT US : Microsoft’s Shares Surge on Strong Quarterly Cloud Sales Growth
- MSFT US : Microsoft is getting ready to host Elon Musk’s Grok AI model - The Verge
- MSTR US : Saylor’s Strategy Posts a Record Loss After Accounting Change
- NEL NO : Statkraft Cancels 40 MW Alkaline Electrolyser Contract, Nel Says
- NEL NO : Statkraft Cancels 40 MW Alkaline Electrolyser Contract, Nel Says
- NETC DC : Netcompany 1Q Revenue Beats Estimates
- NVDA US : Nvidia Gets Rare Sell Rating as Seaport Says AI Fully Priced In
- NVDA US : *NVIDIA, BROADCOM SHARES CLIMB AFTER META BOOSTS CAPEX FORECAST
- NVAX US : FDA to Require Placebo-Controlled Trials for Vaccine Approvals
- NOVOB DC : Novo Says Semaglutide Study Shows Benefits for Liver Treatment
- RED SM : Redeia 1Q Net Income Rises 4% to EU137.8m, to Pay Dividend (1)
- RIVN US : Rivian Stockpiled EV Batteries From Asia Ahead of Trump Tariffs
- RWE GY : RWE Sees Investor Showdown at AGM Over Buyback Demands
- SAN FP : Sanofi Treatment Granted Orphan Drug Status by FDA
- SHEL LN : Shell 1Q Adjusted Profit Beats Estimates
- SW US : Smurfit Westrock Plans to Cut ~650 Jobs in US, Germany
- SOP FP : Sopra Steria Group: Completion of Aurexia Acquisition
- STAN LN : StanChart Profit Beats as Lender Weighs Impact of Tariff War
- STMPA FP : STMicro rejects call to let shareholders vote on Italian board candidate, sources say
- SSPG LN : Irenic Capital Building a Stake in SSP Group: FT
- SYK US : Stryker Cuts FY Adjusted EPS Forecast
- TEF SM : Telefonica’s Movistar Faces Major Venezuela Data Leak, NGO Says
- TEP FP : Teleperformance 1Q Like-for-Like Sales Beat Estimates
- TEN IM : Tenaris 1Q Net Sales Meet Estimates
- TSLA US : Tesla Board Opened Search for CEO to Succeed Elon Musk, WSJ Says
- TSLA US : Tesla Board in Spotlight After Cashing In $1.2 Billion With Musk
- TFI FP : TF1 1Q Revenue Misses Estimates
- UBS SM : Spain’s CNMV Suspends Urbas Grupo From Trading
- X US : US Steel 2Q Adjusted Ebitda Forecast Misses Estimates: Snapshot
- VIV FP : Vivendi Files Appeal Against Paris Court Ruling on Split
- WAY US : Waystar Shares Climb as 1Q Revenue Beats Estimates (1)
- WTB LN : Whitbread FY Adjusted Pretax Profit Misses Estimates
- WH US : Wyndham Hotels Cuts FY Adjusted EPS Forecast, Misses Estimates
>>> Up
* Air France-KLM Raised to Hold at Deutsche Bank; PT 8.50 euros
* ASM Intl Raised to Buy at HSBC; PT 560 euros
* Burberry Raised to Buy at Citi; PT 925 pence
* Caterpillar Raised to Neutral at Baird; PT $309
* Cofinimmo Raised to Neutral at BNPP Exane; PT 80 euros
* Derwent London Raised to Buy at Citi; PT 2,767 pence
* Meta PT Raised to $650 from $615 at Morgan Stanley
* Meta PT Raised to $675 from $610 at JPMorgan
* Pandox Raised to Buy at DNB Markets; PT 200 kronor
* Remy Cointreau Raised to Equal-Weight at Barclays; PT 39 euros
* Remy Cointreau Raised to Equal-Weight at Barclays; PT 39 euros
* Sandoz Group Raised to Outperform at RBC; PT 44 Swiss francs
* Solvay Raised to Neutral at BNPP Exane; PT 32 euros
* Spirax Raised to Buy at Peel Hunt; PT 7,500 pence
* Stora Enso Raised to Buy at Stifel; PT 11 euros
* Talanx Raised to Overweight at Morgan Stanley; PT 114 euros
>>> Down
>>> Down
* Albemarle Cut to Strong Sell at CFRA
* Borregaard Cut to Hold at Berenberg; PT 205 kroner
* Cintas Cut to Sell at Redburn; PT $171
* Clarkson PT Cut to 3,800 pence at Panmure Liberum
* Coca-Cola HBC Cut to Hold at Investec; PT 4,120 pence
* Coloplast Cut to Neutral at Oddo BHF; PT 727 kroner
* DNB Bank Cut to Hold at Norne Securities; PT 275 kroner
* Garmin PT Cut to $152 from $188 at Barclays
* Garmin PT Cut to $152 from $188 at Barclays
* General Motors PT Cut to $43 from $48 at Piper Sandler
* GN Store Nord Cut to Neutral at JPMorgan; PT 135 kroner
* Kone Cut to Reduce at Inderes; PT 55 euros
* Loihde Cut to Reduce at Inderes; PT 11.70 euros
* Moderna PT Cut to $32 from $40 at Citi
* Moderna PT Cut to $28 from $32 at RBC
* P&G Cut to Neutral at Redburn; PT $161
* Pihlajalinna Cut to Accumulate at Inderes; PT 15.50 euros
* Robert Half Inc Cut to Neutral at BNPP Exane; PT $45
* Schindler Cut to Sector Perform at RBC; PT 310 Swiss francs
* Snap Cut to Hold at CFRA
* Stellantis PT Cut to $10 from $13 at Piper Sandler
* UPS Cut to Hold at HSBC; PT $105
* Watches of Switzerland Cut to Sector Perform at RBC
>>> Initiation
>>> Initiation
* GlobalData Rated New Buy at Shore Capital; PT 225 pence
* Trainline Rated New Buy at Investec; PT 425 pence
* Unite Group Rated New Buy at Citi; PT 1,205 pence
>>> Call
* Nvidia Gets Rare Sell Rating as Seaport Says AI Fully Priced In
* Unite Group Rated New Buy at Citi; PT 1,205 pence
>>> Call
* Nvidia Gets Rare Sell Rating as Seaport Says AI Fully Priced In
* Sandoz Raised to Outperform at RBC on Manageable Tariff Threat
* Schindler Downgraded at RBC Following ‘Justified’ Re-Rating
* Unite Group Outlook Not Fully Priced In, New Buy at Citi