Berenberg

Frankfurt-based tech company Northern Data (OTC:NDTAF) has seen a significant change in its business model, which has caught the eye of investment bank Berenberg. What Happened: Northern Data, previously known for its Bitcoin (CRYPTO: BTC) mining operations, has shifted its focus to cloud...

The jury is still out on whether the U.S. Securities and Exchange Commission (SEC) will continue denying spot Bitcoin (CRYPTO: BTC) exchange-traded-fund (ETF) applications. But according to analysts at German bank Berenberg, the recent legal triumph of Grayscale Investments and its effort to turn...

Molten Ventures, a London-listed venture capital fund specializing in the technology sector, could see its shares surge by over 180%, according to Berenberg. The fund, previously known as Draper Espirit, provides investors with a gateway to venture capital investing in high-growth tech companies,...

MicroStrategy (NASDAQ: MSTR) may sell its Bitcoin (CRYPTO: BTC) holdings in the event of severe price drops, particularly around the time its debt is due in mid-2025. That's according to a report from financial adviser Bernstein, cited by Coindesk. However, robust Bitcoin prices would...

The Securities and Exchange Commission (SEC) is expected to launch regulatory action against Coinbase Global Inc (NASDAQ: COIN) soon, according to a research report from Berenberg. It's a move that might resemble previous actions against competing cryptocurrency exchanges such as...

As Tesla Inc (NASDAQ: TSLA) sacrifices margins to drive increased volumes, one analyst says the stock is likely to be stuck in neutral — but the automaker's approach could still be the correct one in the longer term. The Tesla Downgrade: Berenberg analyst Adrian...

The restart of Boeing Co (NYSE: BA) 737 Max deliveries in December 2020 “marks a turning point” toward the company’s financial recovery, according to Berenberg. The Boeing Analyst: Andrew Gollan upgraded Boeing from Sell to Hold and raised the price target from $150 to $...

Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a...

Estee Lauder Companies Inc (NYSE: EL) is having a strong week after reporting a second-quarter earnings beat Tuesday. The Sell-Side Reacts  ◘ Although the company reported weak third-quarter and 2019 earnings guidance, Raymond James analyst Joseph Altobello reiterated an Outperform rating...

There’s been plenty of negative sentiment surrounding Tesla, Inc (NYSE: TSLA) in 2018, but one Wall Street analyst said Monday that long-term investors should ignore the noise and hang on for the ride. The Analyst Berenberg analyst Alexander Haissl reiterated a Buy rating on Tesla...

The market is taking an unfairly bearish stance on Carnival Corp (NYSE: CCL), according to Berenberg.  The Analyst  Berenberg analyst Stuart Gordon upgraded Carnival Corp. from Hold to Buy rating and maintained a $70 price target. The Thesis Carnival shares sold off ahead...

Pre-open movers U.S. stock futures traded higher in early pre-market trade, ahead of earnings from several companies. The S&P Corelogic Case-Shiller home price for February and the FHFA House Price Index for February will be released at 9:00 a.m. ET. New home sales report for March, the...

The tax reform bill backed by Congressional Republicans could be ready for President Donald Trump's signature as early as Tuesday. If it becomes law, tax reform could benefit tobacco companies who pay high taxes like Altria Group Inc (NYSE: MO), according to Berenberg.  The...

Hershey Co (NYSE: HSY)'s acquisition announcement of snackmaker Amplify Snack Brands Inc (NYSE: BETR) earned the chocolate company a nod of approval from one Wall Street analyst. The Analyst Berenberg's Fintan Ryan upgraded Hershey's stock rating from Sell to Hold with a price target...

Royal Caribbean Cruises Ltd (NYSE: RCL) shares have enjoyed a strong run, benefiting from strong fundamentals, a supportive macroeconomic environment and low fuel prices. The good times may not last forever, according to one Berenberg analyst. The Analyst Berenberg analyst Stuart Gordon...