European markets mixed as Germany's economy contracts, Unilever CEO steps down By Investing.com
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
European Market Overview: European markets showed mixed results as investors reacted to potential U.S. tariff plans and awaited Nvidia's earnings report, with the pan-European Stoxx 600 slightly up by 0.1% while major indices like Germany’s DAX and France’s CAC 40 experienced minor declines.
Germany's Political Landscape: Following Germany's federal election, the conservative CDU/CSU coalition secured the largest vote share, likely leading to Friedrich Merz replacing Olaf Scholz as chancellor, amidst economic challenges including a recent 0.2% contraction in GDP attributed to declining exports and manufacturing struggles.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
