Jefferies keeps Porsche at hold on margin outlook
Jefferies said Porsche’s investor event and lower-half mid-term margin guidance support a hold rating and 49-euro target. Shares fell 1% to 42.26 euros.
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ING faces higher competition, Jefferies says valuation looks suitable
Jefferies’ Theo Massing and Joseph Dickerson said ING Groep faces rising competition in some key markets from new entrants, while noting the bank’s valuation appears suitable ahead of its third-quarter results.