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Amplifon

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Hourly

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Demant drops after profit warning

BUZZ-Demant drops after profit warning ** Shares in Demant DEMANT.CO fall around 10% to November lows after the Danish hearing aid maker cut its full-year outlook , citing a "significant" loss of market share for the managed care brand ** Demant now forecasts its organic revenue in 2024 to grow 2-4% against 4-8% seen earlier, expecting continuous low growth in the Hearing Aids unit ** It cuts adjusted EBIT guidance to 4.30-4.60 billion Danish crowns ($629-$672 million) from 4.60-5.00 billion cro
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Amplifon drops after brokers flag softer market dynamic into Q2

BUZZ-Amplifon drops after brokers flag softer market dynamic into Q2 ** Shares in Amplifon AMPF.MI fall as much as 7% after brokerage Equita cut its estimates on the Italian hearing aid company citing softer market dynamic ** Pointing to still lacklustre dynamic in Europe and "essentially neutral price effect" in H1, Equita cut its organic growth estimates for Q2 to 5.5% from 7.9% and for the full-year to 6.3% from 7.2% ** Similarly, Jefferies notes that overall hearing aid market dynamic may ha
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Italy - Factors to watch on June 20

Italy - Factors to watch on June 20 The following factors could affect Italian markets on Thursday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy. New items are marked with (*). For a complete list of diary events in Italy please click on IT/DIA . POLITICS Italy will take a " responsible " approach to its budget policy, Economy Minister Giancarlo Giorgetti said, after the European Commission recommended disciplinary budget steps against Rome along with six o
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Jefferies cuts Sonova to 'hold' on lack of short-term catalyst

BUZZ-Jefferies cuts Sonova to 'hold' on lack of short-term catalyst ** Jefferies cuts Sonova SOON.S to "hold" from "buy", citing short-term competition and low visibility ahead of new platform launch in H2 as well as weak FY results ** It cites a lack of a short-term catalyst for gains, saying the Swiss hearing aid maker's new platform launch is on
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FLSmidth, Neste, Sonova Holding

EUROPE RESEARCH ROUNDUP- FLSmidth, Neste, Sonova Holding May 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including FLSmidth, Neste and Sonova Holding, on Monday. HIGHLIGHTS * FLSmidth FLS.CO : JP Morgan raises target price to DKK 400 from DKK 310 * IMCD NV IMCD.AS : JP Morgan cuts target price to EUR 185 from EUR 188 * Neste Oyj NESTE.HE : Stifel cuts target price to EUR 37 from EUR 40 * Sonova Holding AG SOON.S : Morgan Stanley cuts
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