UBS Advises Selling Redcare Pharmacy Shares Amid Stagnant App Usage
Swiss banking behemoth UBS has advised selling Redcare Pharmacy shares due to stagnant app usage data. Meanwhile, analysts at Bernstein Research have raised concerns about Siemens Energy's suitability for climate funds, despite the company's strong stock market performance and significant contract wins. In other news, US bank JPMorgan has rated Roche as 'Underweight', suggesting potential downward movement for the pharmaceutical giant's shares.
UBS's recommendation to sell Redcare Pharmacy comes as the company's app usage data shows a lack of momentum. The bank believes that investors should consider other opportunities at this time.
Bernstein Research analysts have expressed doubts about Siemens Energy's suitability for climate funds, despite the company's robust stock market performance and significant contract wins this year. The stock has gained over 100 percent since the beginning of the year, but experts suggest there is little room for further upside, with an average potential gain of just two percent. The analysts have rated the stock as 'Underperform' with a price target of 15 euros.
JPMorgan has taken a bearish stance on Roche, rating the pharmaceutical company as 'Underweight'. This comes despite promising data on its weight loss drug CT-996. The bank's analysts believe that Roche's stock could go downhill after recent gains, presenting an opportunity for investors to buy in.
Investors are advised to consider selling Redcare Pharmacy shares due to lacklustre app usage data, as per UBS's recommendation. Siemens Energy's stock, while having performed strongly this year, may have limited upside potential, according to experts. Meanwhile, Roche's stock could be a buy opportunity, as JPMorgan suggests it may decline after recent gains.
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