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Warren Buffett Dislikes Bitcoin—But Berkshire Hathaway Finds Itself Linked To BTC ETFs Through One Of Its Biggest Holdings
Express News | Jefferies Financial raised the Target Price for GE Vernova to $418.
Pernod Ricard's third-quarter sales fell short of expectations, with tariff uncertainties impacting the Spirit Industry.
French beverage giant Pernod Ricard announced on Thursday that its sales for the third fiscal quarter fell by 3%, below expectations, due to the uncertainty of tariffs impacting the already struggling Spirit Industry. Analysts had previously expected that the company's organic net sales would decline by 2% in the three months ending March 31. Pernod Ricard's sales were boosted by orders placed by US wholesalers ahead of anticipated tariffs. However, this was offset by Other issues, including production disruptions in India, the impact of tariffs on China Cognac sales, and a decline in sales in its travel retail sector due to the suspension of duty-free sales of Cognac in China.
Express News | Jefferies Financial: Lowered the Target Price for Porsche, a subsidiary of the Volkswagen Group, from 65 euros to 49 euros; lowered the Target Price for BMW from 92 euros to 83 euros; lowered the Target Price for Mercedes-Benz Group from 65 euros to 55 eu
Express News | Jefferies Financial has lowered its year-end target for the S&P 500 from 6000 points to 5300 points.
Market Chatter: Peabody Energy Halts Plans to Seek $500 Million Private Debt