Investing.com -- HSBC analysts cut their rating on H&M (ST:HMb) shares to Hold from Buy, and adjusted the price target to SEK145 from SEK185, citing an “absence of positive momentum.”The revision reflects concerns over the time and cost required for H&M’s ’Elevate’ strategy to produce the desired financial recovery. While the Swedish fashion retailer has made some progress, inclu ...
By Christoph SteitzFRANKFURT (Reuters) -German defence companies seeking more capacity as Europe prepares to raise military spending are eyeing the ailing car industry, the first sign of a shift that could help revive the continent’s biggest economy after two years of contraction.Manufacturers of tanks, radar and weapons are aiming to ramp up production as Europe responds to U.S. pressure to tak ...
Investing.com -- JP Morgan upgraded Intuit (NASDAQ:INTU) to "overweight" from "neutral" citing a compelling entry point following a period of significant underperformance and improved structural outlook for its QuickBooks business.The brokerage raised its price target on the software firm to $660, noting that Intuit shares have lagged the S&P 500 by about 3,700 basis points over the pas ...
By David ShepardsonWASHINGTON (Reuters) -The Federal Aviation Administration said Wednesday that upgrading the aging U.S. air traffic control system will require multiple technologies and companies as it tests Starlink systems at several agency sites."That is why we are testing multiple communication technologies, including satellites, fiber and wireless to ensure the safety of the national airspa ...