Goldman lowers Teamviewer to 'Neutral' - target down to 12 euros + Hornbach Holding adjusts sales forecast + Nike outperforms in second fiscal quarter + Today is big expiration day
Downgrade for Teamviewer $TMV (-2,93 %)
- The US investment bank Goldman Sachs has downgraded Teamviewer from "Buy" to "Neutral" and lowered its target price from 17 to 12 euros.
- Analyst Mohammed Moawalla wrote on Thursday evening that his buy recommendation was based, among other things, on the prospect of share buybacks.
- However, distributions have become more uncertain in view of the takeover of 1E.
- However, Moawalla remains optimistic about the company's growth potential.
Key figures HORNBACH Holding AG & Co. KGaA Group $HBH (-12,53 %)
- Hornbach Holding adjusts its sales forecast for the 2024/25 financial year to the previous year's level, while the forecast for adjusted earnings before interest and taxes (EBIT) is confirmed.
- Third-quarter sales increase by 1.3 percent to EUR 1.505 billion thanks to the European business, while EBIT falls by 28 percent to EUR 34.6 million, mainly due to wage increases
Nike $NKE (-6,85 %)
with quarterly figures
- Nike exceeds analysts' expectations in the second quarter with sales of 12.35 billion dollars, although sales fell by 8 percent year-on-year.
- Profit falls by 26 percent to 1.16 billion dollars, while the share price rises by around 8 percent in after-hours trading.
Friday: Stock market dates, economic data, quarterly figures
Big expiry day
- ex-dividend of individual stocks
Hewlett Packard Enterprise 0.13 USD
British American Tobacco USD 0.74
- Quarterly figures / company dates Europe
07:00 Hornbach Holding AG Quarterly figures
- Economic data
08:00 DE: Producer prices November FORECAST: +0.3% yoy/-0.3% yoy previously: +0.2% yoy/-1.1% yoy
08:00 UK: Retail Sales November OUTLOOK: -0.3% yoy/+1.5% yoy previous: -0.7% yoy/+2.4% yoy
12:00 DE: Expiry futures and options STOXX family (Eurex)
13:00 DE: Expiry DAX futures and options (Eurex)
13:00 DE: Expiry TecDAX futures and options (Eurex)
14:30 US: Personal Spending and Income November Spending / Income FORECAST: +0.5% yoy/+0.4% yoy previous: +0.4% yoy/+0.6% yoy PCE Price Index / Total Rate FORECAST: +0.2% yoy/+2.5% yoy previous: +0.2% yoy/+2.3% yoy PCE price index / core rate PROGNOSE: +0.2% yoy/+2.9% yoy PREV: +0.3% yoy/+2.8% yoy
16:00 EU: Eurozone Consumer Confidence Index (flash estimate) December FORECAST: -14.0 previous: -13.7
16:00 US: Index Consumer Sentiment Uni Michigan (2nd survey) December FORECAST: 74.0 1st survey: 74.0 PREVIOUS: 71.8
17:20 DE: Expiry SMI future (Eurex)
17:30 DE: Expiry equity options (Eurex)
21:15 US: Expiry e-mini Nasdaq future | e-mini S&P future
