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(Bloomberg) -- Fevertree Drinks Plc analysts are getting more realistic about their expectations for the former market-darling.Analysts at Numis, Investec and Liberum all lowered their price targets on the drinks maker after the company said on Wednesday that sales of its high-end mixers in U.K. retail outlets were below expectations in the second half. The shares rose as much as 12% as a weak performance in the U.K. had been widely anticipated and after the company said demand is growing in overseas markets including the U.S.“We still believe the shares are substantially undervalued in light of strong international growth prospects,” Liberum analyst Nico von Stackelberg wrote in a note. “Rumors of this profit warning had lingered for some time. We believe the negativity has opened up a substantial buying opportunity.”Today’s gain takes the edge off the stock’s year-to-date decline, with shares now down about 6% this year and heading for their...
China's Pinduoduo Inc reported a bigger-than-expected quarterly loss on Wednesday due to higher operating expenses, sending the e-commerce company's shares down 13% before the opening bell. The company was started just four years ago but has been described by analysts as a disruptor to the dominance of Alibaba Group Holding Ltd's Taobao and JD.com Inc over China's retail sector thanks to its popularity among the country's rural residents....
European shares logged their worst day in three weeks on Wednesday on mounting worries that rising U.S.-China tensions could take a toll on trade negotiations between the two countries. "This deal is so not even there...there's a good reason it could fall through altogether," said Tom Martin, portfolio manager at Globalt in Atlanta. Expectations that the world's top two economies would strike a trade deal have been instrumental in driving the STOXX 600 to a four-year peak....
During a meeting with his Cabinet on Tuesday, President Donald Trump threatened higher tariffs on Chinese goods if that country does not make a deal on trade. Bank of Japan Governor Haruhiko Kuroda’s role as the prime focus for efforts to revive the world’s third-largest economy is coming to an end, according to Bloomberg....
GBP/USD made a bullish break in the early week but fell under pressure just ahead of a test of the psychological 1.30 level. The pair is seen continuing lower ahead of today’s Fed meeting minutes release....
Nasdaq recorded a new high, while the Dow and S&P pulled back....
Verizon Communications (VZ) is one of the largest telecom companies in the United States based on market cap; its wireless segment contributes approximately three-quarters of its aggregate revenue, notes Ben Reynolds, income expert and editor of Sure Dividend....
