JEFFERIES CUTS $TSLA TP TO 210$ MAINTAINING A NEUTRAL STANCE
Jefferies suggests Tesla should refocus on its core strenghts considering a challenging year for growth
Updated forecasts post-Q3 include a reduction in EBIT 23/24 by 15/24% and FCF 23/24 by 36/31%
Get set for a dynamic week ahead with these noteworthy economic events 🗓️:
Tuesday:
. US Existing Home Sales
. FOMC - Minutes of the November 1st Meeting
Wednesday:
. Michigan Consumer Sentiment Final
Friday:
. US Manufacturing PMI
. US Services PMI
Stay tuned for updates!
WHAT'S HAPPENING THIS WEEK ? 🗓️
Monday
. US New Home Sales 🇺🇸
. Hearing of Ch. Lagarde at the European Parliament 🇪🇺
Tuesday
. US CB Consumer Sentiment 🇺🇸
Wednesday
. US Real GDP (2nd est.) 🇺🇸
Thursday
. US PCE Inflation 🇺🇸
. China PMI 🇨🇳
Friday
. US ISM Manufacturing 🇺🇸
Charlie Munger, the vice-chair of Berkshire Hathaway, died at the age of 99 on Tuesday at a California hospital, the US investment conglomerate announced
-FT
Credit Agricole $ACA is exploring building a stake in Worldline $WLN as it looks for ways to help stabilize its struggling payment partner.
Worldline shares surged as much as 9.1%
Inflation expectations plunge in closely watched University of Michigan survey
The one-year outlook for the inflation rate slid to 3.1%, down from 4.5% in November, lowest since March 2021.
The five-year outlook down to 2.8% from 3.2% the previous month.
ASML $AMSL Holding NV canceled shipments of some of its machines to China at the request of US President Joe Biden’s administration, weeks before export bans on the high-end chipmaking equipment came into effect.