BoFA raises CVC to 'buy' after 'overdone' share weakness

ReutersMay 23, 2025 12:01 PM

BoFA Global Research raises CVC CVC.AS to "buy" from "neutral" following "unjustified" share underperformance

"We believe share weakness is overdone," it says about the stock which has dropped 24% YTD and underperformed the sector by 15pp

"We think risk is to the upside if we are past peak tariff uncertainty and a recovery comes sooner," the broker adds

BofA projects stable assets under management for CVC in 2024-2026, followed by a 20% rise in 2027

"CVC also has the most non-US investment exposure in our universe, where institutions are diversifying," it says

Of 12 analysts that cover CVC, seven rate it "strong buy" or "buy" and five "hold"

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Why SanDisk Stock Could Soar to $4,000?

If SanDisk continues along its path and actually achieves the consensus estimate of $168 in earnings per share in one year, a P/E multiple of 22 — which is a rather conservative estimate of the S&P 500 average — would imply a stock price of close to $4,000.

Micron Surges 38% in a Week, Market Cap Breaks 840 Billion, Can This AI Memory Leader Continue the Rally?

TradingKey - Driven by the explosion in AI storage demand, Micron Technology (MU) shares have surged for five consecutive trading sessions since May 1, with a cumulative weekly gain of approximately 38%. The stock closed up over 15% at $746.81 this Friday, hitting a record high. Its market capitalization surpassed $840 billion, with daily turnover reaching $46.36 billion, ranking first in the U.S. stock market.

Trump Administration Brokers. Intel and Apple Reach Chipmaking Agreement, Shares Surge More Than 13%

TradingKey — Intel (INTC) shares surged on Friday following reports of a preliminary cooperation agreement with Apple (AAPL). The stock’s intraday gain briefly exceeded 13% before closing up 13.96%, with its market capitalization jumping to $627.8 billion.

Trump’s Shifting Stance Deadlocks US-Iran Talks, Citi Maintains $120 Brent Target

TradingKey - On May 8 (ET), Citi stated that oil prices could rise further if US-Iran negotiations remain deadlocked, maintaining its forecast that Brent crude will reach $120 over the next three months.

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools