BASF SE has been initiated with a Buy rating due to its strong capital returns and an active €1 billion share buyback program. The planned spin-off of its Agricultural Solutions division in 2027 is expected to reduce the conglomerate discount and increase its valuation multiple. The company offers a forward shareholder yield above 6%, supported by disciplined capital allocation, robust cash flow, and a minimum annual dividend of €2.25. The buyback program also helps address concerns about cash flow and acquisitions, with potential for a 27% re-rating to a 10x EV/EBITDA multiple after the spin-off.
An analyst initiates coverage of Taiwan Semiconductor Manufacturing Company (TSMC) with a strong buy rating and a price target of $577, suggesting a 37% upside from current prices. The positive outlook is driven by TSMC's strategic position to benefi...
Pharaoh Exchange accounted for nearly 75% of Avalanche decentralized exchange (DEX) volume in a recent 30-day period, handling $3.135 billion out of $4.184 billion total. Two linked wallet clusters generated 65% of DEX trading dollars over eight days...
Shares of MARA, a major Bitcoin mining company, fell sharply by 10.12% intraday to $7.48. This decline reflects a significant loss in the company's stock value during the trading session, distinct from the price of Bitcoin itself. The drop indicates ...
Deutsche Bank is set to begin offering custody services for bitcoin, ether, and three e-money tokens to institutional clients within weeks, starting in Germany. This service, pending regulatory approval, targets asset managers, corporations, and stat...
Bitcoin briefly fell below $80,000 before recovering above $82,000 amid inflation data and ETF flows. Ledger tightened reseller rules after discovering hardware implants used to steal recovery phrases, enhancing device security. MSCI introduced new e...
