Hints and tips:
...L’Oreal’s been downgraded at Credit Suisse. Stock priced for a V-shaped recovery that’s looking increasingly unlikely, they say: Downgrade to Underperform (from Neutral)....
...France L&S and Italy will not pay dividends this year, and XL Bermuda is unlikely to. The slack is only partly taken up by France P&C which is over distributing....
...Valuation and scenarios: We use a DCF model with an 8.6% WACC and 4% terminal growth to derive our 2500p price target....
...Increased focus on the home, reversing some L-T adverse trends....
...Against the general trend, yesterday Ferrari confidently guided to a V-shaped recovery in its P&L from H2/20....
...Shetty, his associated family members and his associated family holding companies in the Ordinary Shares of the Company, and that this review also has implications for the holdings and interests of H.E....
...As our economists have explained, on a sequential quarter-on-quarter annualised basis their US forecast shows -34% in Q2, +19% in Q3 and +12% in Q4, which looks rather V-shaped....
...The group has c.2.7x ND/EBITDA against a covenant of 4.25x....
...I have promoted and have been associated with Satyam for well over twenty years now....
...So an L-shaped recession in terms of trend growth but not the level of output....
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