Hints and tips:
...P&W owner RTX has warned that the additional inspections and potential replacements of engines is creating more work for the company’s maintenance, repair and overhaul network, which is under strain because...
...Box would likely be OK as Mondi is regional CE Europe + Turkey player and does not have box plants in W. Europe countries where SMDS has 20-30% share....
...Plus the manufacturing fault, described by P&W as a one-off, may cause long-term damage to order books. RTX has offered few estimates on these scenarios....
...Among the most bullish is Jefferies, whose price target of 425p is approximately double the current share price. Jefferies is Darktrace’s joint house broker, alongside Berenberg....
...Jefferies has poached two senior bankers to co-head its restructuring practice in Europe, the Middle East and Africa, according to a person briefed on the matter....
...“Feedback from investors has centred a lot around those investments and just understanding what are the returns,” said Robert W Baird research analyst David George....
...It is really too early to tell,” said Bill Greenwalt, who served as deputy under-secretary of defence for industrial policy during the George W Bush administration and is now with the American Enterprise...
...Aneta Markowska and Thomas Simons, economists at Jefferies, have estimated that disposable personal income growth would slow from 9.5 per cent in July to about 3 per cent by the end of the year without a...
...And Jefferies to cover Schneider (hold)....
...It should look to divest the business to P&W, which currently has no offering in the widebody market. Sum-of-the-Parts Valuation: we have previously used a DCF model to generate a fair value....
...And Jefferies to do the conference call....
...Well, w e think that w e already assume that quite a lot of things will! Impairments rose by 75% YoY to £0.7bn in 2019 and w e continue to model a further 300% YoY increase to £2.8bn in 2020e....
...[W]e were researching Mr....
...David Solomon, chief executive of Goldman Sachs, worked there, as did the leaders of firms including Apollo, Moelis and Jefferies....
...In our view, the remaining $400m+ would require sale of all the non-operated producing assets in W.Africa and the operated development project in Kenya....
...Some recent data from managed pubs indicated that 42% of pubs and bars opened on the 4th July w/e; of those that opened, trade was -45% vs prior year w/e. US - strong off-trade....
...W? At this point who even knows....
...● Liquidity: the company estimates that at the low point (post W/C outflow, pre reopening) it would have retained over £60m of headroom against facilities....
...Elsewhere in sellside, and Jefferies turns positive on Vodafone: We upgrade Vodafone to Buy (from Hold)....
...Speaking of rights issues, InterContinental Hotels gets a downgrade from Jefferies as part of a big lodging sector note....
...Sorry about all the tickers: And Jefferies goes down to “hold” on Moncler, €36 target: [W]e think valuation levels are too high: MONC remains one of the sector winners (not many will be left amongst the...
...“[W]e prefer companies that: (1) have a diversified game portfolio; (2) use M&A to add proven IP to their portfolios and aid audience diversification, and (3) have a relentless focus on live services....
...Even in the theoretical, however, £20bn is “still a relevant valuation marker,” says Jefferies....
...[W]e look at the net interest income movements in HSBC’s key currencies (USD, HKD, GBP)....
...Best placed if the recovery is W shaped: Hays' average cons FY20/21e EPS are cut by c.70% YTD vs. 35-60% downgrades for others. We see limited downside even if the recovery is W shaped....
International Edition