Berenberg

Hyatt Hotels Corporation (NYSE: H) has always pursued the policy of asset recycling: selling properties in order to buy hotels in high-value areas. In its third-quarter earnings report released Nov. 2, the company said it made a minority investment in Oasis Luxury Rentals and bought the...

Generation Z is growing up with an aversion to alcohol, in part because its members don’t want to look wasted when they take selfies with their fancy smartphones. Millennials? They’re starting families, furthering careers and acting more responsibly, which makes their trademark binge...

The American alcohol market has shown impressive growth rates, especially over other countries where drinking beer and spirits is engraved in its culture, Berenberg's Javier Gonzalez Lastra and Matt Reid commented in a research report. For example, alcoholic consumption in the U.S. rose by 15...

Given the way U.S. beer sales are heading toward macro-breweries, Anheuser Busch InBev NV (ADR) (NYSE: BUD) is becoming an emerging markets brewer. Sixty-five percent of estimated fiscal 2017 sales for the world’s largest brewer are coming from potentially high-growth emerging beer markets....

The Canadian beer market, much like the American beer market, is seeing a growth in craft products at the expense of established players. And one of the biggest established beer makers in Canada is Molson Coors Brewing Co (NYSE: TAP), Bereneberg's Javier Gonzalez Lastra and Matt Reid commented in...

Nearly a decade after big U.S. banks were deemed “too big to fail” during the financial crisis, banks like Wells Fargo & Co (NYSE: WFC) are now bigger than ever. In fact, Berenberg analyst James Chappell now believes Wells Fargo has grown too big to succeed and has downgraded the...

Pre-open movers U.S. stock futures traded slightly lower in early pre-market trade. Futures for the Dow Jones Industrial Average dropped 20 points to 21,561.00, while the Standard & Poor’s 500 index futures fell 0.25 points to 2,471.00. Futures for the Nasdaq 100 index declined 7.75...

Tesla Inc (NASDAQ: TSLA) is being handed a near monopolistic opportunity to gain market share in the automotive industry, according to a Berenberg research report. “Despite more talk of developing electric vehicles (EVs) for mass-market adoption, a lack of real action and strategic...

Alastair Reid of Bereneberg earlier this week initiated coverage of Thomson Reuters Corp (NYSE: TRI) with a Sell rating and $37 price target under the belief it's hard for the company to "live up to high expectations." Reid acknowledged Thomson Reuters is very much a "high-...

Following AstraZeneca plc (ADR) (NYSE: AZN)’s strong start to 2017, including a positive data report for breast cancer treatment Lynparza, investors await a barrage of news highlighting significant findings and potential approvals for various portfolio components. Updates on immuno-oncology...

With the race for the pole position among the automakers heating up, Berenberg identified Ferrari NV (BIT: RACE) as its only Buy recommendation, as it believes the market fails to discount margin upside from better pricing as well as strong cash-flow generation. Sector Initiated With Negative...

  Pre-open movers U.S. stock futures traded higher in early pre-market trade. Data on initial jobless claims for the latest week, and import and export prices for July will be released at 8:30 a.m. ET. Futures for the Dow Jones Industrial Average climbed 48 points to 18,500.00, while...

It’s a big week for big banks as they continue striving to deliver earnings in what is likely the harshest banking environment in history. Yet, Berenberg sees the potential for significant upside for selective bank investors ahead of Q2 earnings. U.S. banks face unprecedented regulation and...

Now that Britain has officially voted to leave the eurozone, central banks are left to decide what (if anything) they will need to do to stabilize global markets. Several Wall Street analysts have already given their takes on the issue. Capital Economics believes the rhetoric about the dangers of a...