Early premarket gappers
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Gapping up:
- SAGE +38.4%, ITCI +35.6%, MOLN +24%, ENFN +13.2%, CLRB +9.1%, ARQT +6.1%, TXG +5.9%, LULU +5.8%, WDFC +5.3%, FOLD +5.3%, HUM +5.2%, BOOT +3.8%, CRBU +3.7%, CVS +3.5%, FTEL +3.2%, UNH +2.9%, BPMC +2.9%, NTRA +2.6%, RARE +2.5%, EXAS +2.2%, MD +2.1%, AKA +2.1%, CSTL +2%, CWAN +1.7%, OLMA +1.6%, TEVA +1.3%, OXY +1.2%, QGEN +0.9%
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Gapping down:
- EWCZ -17%, MREO -9.9%, RXST -5.8%, NEOG -4.8%, ASND -3.6%, GCO -2.7%, SWTX -2.3%, BLKB -1.1%, LNTH -1.1%, APAM -1%, GSK -1%, ALNY -1%
>>> Up
* Ambu Raised to Hold at ABG; PT 125 kroner
* Bank of Ireland Raised to Outperform at BNPP Exane (+)
* BBVA Raised to Buy at BofA (+)
* Bunzl Raised to Buy at Citi; PT 3,700 pence
* Canadian Tire Raised to Hold at Jefferies; PT C$155
* Caterpillar Raised to Inline at Evercore ISI; PT $365
* Etsy Raised to Hold at Jefferies; PT $55
* Eurazeo Raised to Buy at Goldman; PT 91 euros (+)
* Frontline PLC Raised to Buy at SEB Equities; PT $20.45 (+)
* FUCHS SE Raised to Buy at M.M. Warburg; PT 50 euros (+)
* Granges Raised to Buy at ABG; PT 160 kronor
* Inficon Raised to Buy at Jefferies; PT 1,350 Swiss francs
* ING Raised to Market Perform at Bernstein (+)
* J. Martins Raised to Buy at Bryan Garnier; PT 21 euros (+)
* Kreate Raised to Accumulate at Inderes; PT 8 euros
* Linde Raised to Buy at TD Cowen; PT $515
* Lloyds Raised to Market Perform at Bernstein (+)
* Nel Raised to Hold at Jefferies; PT 3 kroner
* Public Power Raised to Buy at Goldman; PT 15.50 euros
* PVA TePla Raised to Buy at Jefferies; PT 19 euros
* Richemont Raised to Buy at TD Cowen; PT 163 Swiss francs
* SMA Solar Raised to Buy at Jefferies; PT 20 euros
* Wix.com Raised to Overweight at Morgan Stanley; PT $276
* Yara Raised to Buy at SpareBank; PT 370 kroner
>>> Down
* Yara Raised to Buy at SpareBank; PT 370 kroner
>>> Down
* AIB Group Cut to Neutral at BNPP Exane (+)
* Aixtron Cut to Hold at Hauck & Aufhaeuser; PT 13.80 euros (+)
* Aluflexpack Cut to Hold at Berenberg; PT 15.95 Swiss francs
* AMD PT Cut to $150 from $185 at TD Cowen (+)
* Bankinter Cut to Underperform at Autonomous (+)
* Capricorn Energy Cut to Sell at Stifel; PT 240 pence (+)
* Constellation Brands Cut to Neutral at JPMorgan; PT $203
* Constellation Brands PT Cut to $220 from $280 at Morgan Stanley
* Corem Property Cut to Hold at Nordea
* Disney Cut to Neutral at President Capital Management; PT $115
* DWS Cut to Neutral at Goldman; PT 45 euros
* flatexDEGIRO Cut to Hold at Jefferies; PT 17 euros
* HSBC Cut to Underperform at Autonomous (+)
* Husqvarna Cut to Hold at Jefferies; PT 65 kronor
* Monte Paschi Cut to Neutral at Autonomous (+)
* SGL Cut to Hold at Jefferies; PT 4.40 euros
* STMicro Cut to Hold at TD Cowen; PT 24.50 euros
* STMicro Cut to Hold at TD Cowen; PT 24.50 euros
* STMicro ADRs Cut to Hold at TD Cowen; PT $25
* Verbio SE Cut to Hold at Jefferies; PT 11 euros
* Wise Cut to Neutral at New Street Research (+)
>>> Initiation
* Erste Rated New Overweight at Morgan Stanley; PT 72 euros
>>> Initiation
* Erste Rated New Overweight at Morgan Stanley; PT 72 euros
* Science Group Rated New Buy at Canaccord; PT 758 pence (+)
>>> Call
>>> Call
* Goldman Strategists See US Earnings Beats Moderating in 4Q, Goldman’s Oppenheimer Says 2025 Equity Outlook Is Complicated (+)
* Entain Should Gain Ground After Reiterating Guidance: Jefferies (+)
* weight at Morgan Stanley on CEE Region Growth Outlook
* Morgan Stanley’s Wilson Says Dollar to Drive Earnings Dispersion (+)
* Richemont Upgraded at TD Cowen on Positive Jewelry Outlook
* STMicro Has Difficult Setup in 2025, Cut to Hold at TD Cowen
* Tesco, Sainsbury Pullbacks Present Buying Opportunity: JPMorgan (+)
Vienna tries to allay Brussels’ fears over looming far-right government
Damage control
Austria’s caretaker chancellor Alexander Schallenberg is in Brussels today, aiming to assure EU chiefs that Vienna will remain a reliable partner even if its next government is led by a far-right politician with a penchant for Nazi slogans, writes Alice Hancock.
Context: Earlier this month, Austria’s centre-right chancellor Karl Nehammer stepped down after months-long coalition talks among centrist parties fell apart. That meant the far-right, pro-Russian Freedom party (FPÖ), which won most votes in September’s elections but had been sidelined from the negotiations, was asked to form the next government.
The country’s likely next leader, therefore, is the FPÖ’s Herbert Kickl, a divisive figure who has borrowed language from Austria’s dark Nazi past to boost his campaign.
Schallenberg, who served as foreign minister in the previous government, will meet European Council president António Costa and European parliament chief Roberta Metsola, as well as the EU’s top diplomat Kaja Kallas. The aim? To assuage their concerns about an Austrian tilt further to the right and towards Russia, potentially hindering EU support for Ukraine and blocking sanctions against Moscow.
“The EU is a guarantor of peace and security for Austria,” Schallenberg told the Financial Times in advance of his visit. “This is firmly anchored in the consciousness of the Austrian people.”
“When it comes to foreign and security as well as European policy, one can rely on Austria,” Schallenberg added. “We will continue to actively and constructively engage on a European and international level. This is all the more important in volatile times.”
Schallenberg’s ÖVP is likely to be the junior partner in an FPÖ-led governing coalition, although he has excluded himself from taking part in the next government.
Kickl’s ascent comes at a critical time for Brussels as it seeks to maintain support for core policies such as fighting climate change and supporting Kyiv in its fight against Moscow, amid the rise of far-right parties fanned by foreign support, including from Russia and the US tech billionaire Elon Musk.
Slovakia’s Robert Fico has joined Hungary’s Viktor Orbán in showing an increasingly open attitude to co-operation with Moscow, while different shades of far-right parties are also governing in countries such as Italy, Sweden and the Netherlands.
- Entain (6GI TH) +7.8%
- Entain Maintains FY Adjusted Ebitda Forecast
- Legal & General (LGI TH) +1.8%
- Legal & Gen Grp: Legal & General submits planning for the £350m Bristol Temple Island masterplan regeneration project - Full
- Evolution (E3G1 TH) +1.7%
- EDP SA (EDP TH) +1.5%
- Aker BP (ARC TH) +1.3%
- ABN Amro (AB2 TH) +1.2%
- BP (BPE5 TH) +1.2%
- Watch Energy Stocks, Airlines as Crude Oil Hits Four-Month High
- HSBC (HBC1 TH) +1.1%
- NOTE: HSBC’s Ellam Will Be Named to Lead EU-UK Reset Talks: FT
- Dassault Aviation (DAU0 TH) +1%
- Stellantis (8TI TH) -1%
- Jeep Owner’s Production Decisions Rest on Trump Tariff Plans
- Argenx (1AE TH) -1.1%
- Argenx Prelim 4Q Cash and Cash Equivalents About $3.40B
- Air Liquide (AIL TH) -1.1%
- CaixaBank (48CA TH) -1.2%
- Philips (PHI1 TH) -1.3%
- TAG Immobilien (TEG TH) -1.3%
- Prosus (1TY TH) -1.3%
- Nokia (NOA3 TH) -1.4%
- Sanofi (SNW TH) -1.6%
- Sanofi Says Sarclisa Gets China Approval for Multiple Myeloma
- Monte Paschi (MPI0 TH) -2.6%
DAX:
- Symrise (SY1 TH) +1.9%
MDAX:
- Stroeer (SAX TH) +1.6%
- NOTE: * CORRECTION OF A RELEASE FROM 10/01/2025, 18:18 CET/CEST -
- TAG Immobilien (TEG TH) -1.2%
SDAX:
- SMA Solar (S92 TH) +5.8%
- SMA Solar Raised to Buy at Jefferies; PT 20 euros
- PVA TePla (TPE TH) +4.1%
- PVA TePla Raised to Buy at Jefferies; PT 19 euros
- Heidelberger Druck (HDD TH) +2.4%
- Formycon (FYB TH) +2.1%
- Formycon AG: Teva becomes strategic commercialisation partner for Formycon’s biosimilar candidate FYB203
- Deutz (DEZ TH) +1.8%
- flatexDEGIRO (FTK TH) -1.6%
- flatexDEGIRO Cut to Hold at Jefferies; PT 17 euros
- SGL (SGL TH) -1.9%
- SGL Cut to Hold at Jefferies; PT 4.40 euros
- DWS (DWS TH) -2%
- DWS Cut to Neutral at Goldman; PT 45 euros
- MLP (MLP TH) -3%
- Verbio SE (VBK TH) -3.8%
- Verbio SE Cut to Hold at Jefferies; PT 11 euros
>>> Up
* Ambu Raised to Hold at ABG; PT 125 kroner
* Bunzl Raised to Buy at Citi; PT 3,700 pence
* Canadian Tire Raised to Hold at Jefferies; PT C$155
* Caterpillar Raised to Inline at Evercore ISI; PT $365
* Etsy Raised to Hold at Jefferies; PT $55
* Granges Raised to Buy at ABG; PT 160 kronor
* Inficon Raised to Buy at Jefferies; PT 1,350 Swiss francs
* Kreate Raised to Accumulate at Inderes; PT 8 euros
* Linde Raised to Buy at TD Cowen; PT $515
* Nel Raised to Hold at Jefferies; PT 3 kroner
* Public Power Raised to Buy at Goldman; PT 15.50 euros
* PVA TePla Raised to Buy at Jefferies; PT 19 euros
* Richemont Raised to Buy at TD Cowen; PT 163 Swiss francs
* SMA Solar Raised to Buy at Jefferies; PT 20 euros
* Wix.com Raised to Overweight at Morgan Stanley; PT $276
* Yara Raised to Buy at SpareBank; PT 370 kroner
>>> Down
* Yara Raised to Buy at SpareBank; PT 370 kroner
>>> Down
* Aluflexpack Cut to Hold at Berenberg; PT 15.95 Swiss francs
* Constellation Brands Cut to Neutral at JPMorgan; PT $203
* Corem Property Cut to Hold at Nordea
* Disney Cut to Neutral at President Capital Management; PT $115
* DWS Cut to Neutral at Goldman; PT 45 euros
* flatexDEGIRO Cut to Hold at Jefferies; PT 17 euros
* Husqvarna Cut to Hold at Jefferies; PT 65 kronor
* SGL Cut to Hold at Jefferies; PT 4.40 euros
* STMicro Cut to Hold at TD Cowen; PT 24.50 euros
* STMicro Cut to Hold at TD Cowen; PT 24.50 euros
* STMicro ADRs Cut to Hold at TD Cowen; PT $25
* Verbio SE Cut to Hold at Jefferies; PT 11 euros
>>> Initiation
* Erste Rated New Overweight at Morgan Stanley; PT 72 euros
>>> Call
* Erste Overweight at Morgan Stanley on CEE Region Growth Outlook
>>> Initiation
* Erste Rated New Overweight at Morgan Stanley; PT 72 euros
>>> Call
* Erste Overweight at Morgan Stanley on CEE Region Growth Outlook
* Richemont Upgraded at TD Cowen on Positive Jewelry Outlook
* STMicro Has Difficult Setup in 2025, Cut to Hold at TD Cowen