Latest news with #Besson
Yahoo
6 days ago
- Automotive
- Yahoo
EU's list of US goods it may tariff, latest on China trade talks
The European Union has released a list of countermeasures it may take if President Trump's 30% tariff goes into effect on August 1. Yahoo Finance Senior Autos Reporter Pras Subramanian reports on which companies will be impacted, while Yahoo Finance Washington Correspondent Ben Werschkul provides an update on US trade talks with China. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. European Union has finalized at list of $84 billion worth of US goods that could face counter measures if the US goes forward with its plans for that 30% tariff on August 1st. Um, so sort of readying these these counter measures. Pras, what would that mean if that indeed that happened for the likes of Boeing and US automakers? Well, you know, you know, out of that 84, 75 billion is industrial goods, right? So 12.8 billion in aircrafts and aircraft supplies and parts, uh machinery, another 10.3 billion, and then around 9.3 billion in autos, right? But but I mean for the Boeings of the world, look, it's going to hit, it's going to hit the Boeings, the precision cast parts, Honeywells, Textrons of the world, like they they the key US suppliers to the aviation sector are going to get hit by this potential tariff. But what the EU is really worried about is that 30% tariff on on goods and 25% sector tariffs that still remain on autos. And look, it's hitting Mercedes bad, it's hitting Porsche bad, hitting Volkswagen and Audi bad. Look, they're all having to take sort of hits to their sort of bottom line because of the fact they're trying to price protect some from buyers, but they can't do that forever. And so the question is, can they get this deal done before 20 before the fall where the 2026 models come out, the new cars come out in the US? So obviously there's a lot at stake with the EU tariffs. Um, you know, we're starting to hear about these other peripheral countries as well, Ben. I want to follow up with you about the Nvidia news today, that this news from Nvidia that they expect that um the US government will start to allow them to get their licenses approved to ship some of their chips into China, the H20 chips. Um is there any indication or is there any movement on talks between China and the US? Yeah, yeah, Treasury Secretary Scott Besson had some commentary this morning on that. He he did an interview on Bloomberg. He his his line there was that this Nvidia chip, he confirmed that Nvidia chips were part of those conversations. He called it a bargaining chip to to to upon between the US and China on these larger trade talks which encompass a lot more issues like rare earth minerals to get to get this Nvidia piece done. Um Besson also confirmed that China talks are continuing. The key deadline to watch there is August 12th, which is when that that 90-day pause runs out. What Besson said is that they're trying to have another meeting either before or after a larger China gathering at the beginning of August to do that. His his overall message is that markets shouldn't be too worried about this August 12th deadline, but that is the looming deadline when when much bigger tariffs could come back on if those talks go sideways. Sign in to access your portfolio
Business Insider
14-07-2025
- Automotive
- Business Insider
Ferrari (RACE) Receives a Buy from Kepler Capital
In a report released on July 11, Thomas Besson from Kepler Capital maintained a Buy rating on Ferrari, with a price target of €470.00. The company's shares closed last Friday at $490.66. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Besson is a 2-star analyst with an average return of 0.3% and a 56.47% success rate. Besson covers the Industrials sector, focusing on stocks such as Renault, Compagnie Générale des Établissements Michelin, and Forvia. Ferrari has an analyst consensus of Moderate Buy, with a price target consensus of $545.55, implying an 11.19% upside from current levels. In a report released on July 2, RBC Capital also maintained a Buy rating on the stock with a €490.00 price target. RACE market cap is currently $116.5B and has a P/E ratio of 51.83. Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.
Business Insider
05-07-2025
- Automotive
- Business Insider
Analysts Have Conflicting Sentiments on These Consumer Cyclical Companies: Continental Aktiengesellschaft (OtherCTTAF) and Tesla (TSLA)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Continental Aktiengesellschaft (CTTAF – Research Report) and Tesla (TSLA – Research Report). Don't Miss TipRanks' Half-Year Sale Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Continental Aktiengesellschaft (CTTAF) Kepler Capital analyst Thomas Besson maintained a Buy rating on Continental Aktiengesellschaft on July 3 and set a price target of EUR80.00. The company's shares closed last Thursday at $89.96. Besson has an average return of 19.0% when recommending Continental Aktiengesellschaft. According to Besson is ranked #5484 out of 9710 analysts. Continental Aktiengesellschaft has an analyst consensus of Moderate Buy, with a price target consensus of $95.45, implying a 5.7% upside from current levels. In a report issued on June 19, UBS also maintained a Buy rating on the stock with a EUR100.00 price target. Tesla (TSLA) Wells Fargo analyst Colin Langan maintained a Sell rating on Tesla on July 2 and set a price target of $120.00. The company's shares closed last Thursday at $315.35. According to Langan is ranked 0 out of 5 stars with an average return of -6.3% and a 48.9% success rate. Langan covers the NA sector, focusing on stocks such as Magna International, Rivian Automotive, and Dana Incorporated. Currently, the analyst consensus on Tesla is a Hold with an average price target of $293.09, representing a -7.8% downside. In a report issued on June 23, UBS also maintained a Sell rating on the stock with a $215.00 price target.
Business Insider
28-06-2025
- Business
- Business Insider
Kepler Capital Reaffirms Their Buy Rating on Compagnie Générale des Établissements Michelin (MGDDF)
Kepler Capital analyst Thomas Besson maintained a Buy rating on Compagnie Générale des Établissements Michelin (MGDDF – Research Report) on June 26 and set a price target of €42.00. The company's shares closed yesterday at $38.55. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Besson covers the Industrials sector, focusing on stocks such as Renault, Compagnie Générale des Établissements Michelin, and Forvia. According to TipRanks, Besson has an average return of 0.1% and a 57.21% success rate on recommended stocks. Compagnie Générale des Établissements Michelin has an analyst consensus of Moderate Buy, with a price target consensus of $43.87, implying a 13.80% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a €37.00 price target. The company has a one-year high of $43.91 and a one-year low of $30.65. Currently, Compagnie Générale des Établissements Michelin has an average volume of 1,487.
Business Insider
27-06-2025
- Automotive
- Business Insider
Kepler Capital Reaffirms Their Buy Rating on Ferrari (RACE)
In a report released on June 25, Thomas Besson from Kepler Capital maintained a Buy rating on Ferrari (RACE – Research Report), with a price target of €470.00. The company's shares closed yesterday at $477.54. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Besson is a 2-star analyst with an average return of 0.1% and a 57.21% success rate. Besson covers the Industrials sector, focusing on stocks such as Renault, Compagnie Générale des Établissements Michelin, and Forvia. In addition to Kepler Capital , Ferrari also received a Buy from Barclays's Henning Cosman in a report issued on June 25. However, on the same day, Deutsche Bank maintained a Hold rating on Ferrari (NYSE: RACE). RACE market cap is currently $112.6B and has a P/E ratio of 49.90. Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of RACE in relation to earlier this year.
