-- 水曜日の取引開始前、エネルギー株は小幅上昇し、ステート・ストリート・エナジー・セレクト・セクターSPDR ETF（XLE）は1.2%上昇した。 米国石油ファンド（USO）は3.4%上昇、米国天然ガスファンド（UNG）は2.4%下落した。 ニューヨーク・マーカンタイル取引所（NYMEX）では、期近の米国産WTI原油先物価格が3.7%高の1バレル＝103.58ドルとなった。国際指標である北海ブレント原油先物価格は3.6%高の1バレル＝115.29ドル、天然ガス先物価格は2.5%安の100万BTUあたり2.62ドルとなった。 トータルエナジーズ（TTE）の株価は、第1四半期の調整後利益と売上高の増加を発表したことを受け、1%上昇した。 フィリップス66（PSX）の株価は、第1四半期の調整後利益が黒字転換したことを発表したことを受け、1%以上上昇した。 Delek US（DK）の株価は、同社が第1四半期の調整後利益が好転し、純収益が増加したことを受けて、4％以上上昇した。
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Research Alert: CFRA Downgrades Rating To Sell From Hold On Shares Of Essex Property Trust, Inc.
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Research
Research Alert: CFRA Keeps Buy Rating On Shares Of Biogen Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our target at $236, 13.8x our new 2027 EPS view, a discount to BIIB's five-year historical forward P/E average of 14.1x. We lower our 2026 EPS view to $15.24 from $16.14 to adjust for the impact from acquired IPR&D. We keep our 2027 EPS view at $17.16. BIIB reported a strong start to 2026, with sales of $2.5B and adjusted EPS of $3.57. We see a successful stabilization of the business after years of decline, due to a 12% Y/Y increase in the growth products portfolio. In our view, during the analyst call, management presented a clear strategic vision centered on the pending $5.6B acquisition of Apellis, expected to close in Q2, which can transform BIIB into a growth company by adding two commercial assets, Syfovre and Empaveli. We think the Apellis deal could bridge a revenue gap until 2028, when the company's late-stage pipeline matures. Via this acquisition, BIIB also gains nephrology expertise and an established infrastructure, which could set its key asset Felzartamab launch for success.
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Starbucks to Sustain Sales Momentum; to Focus on Margins in H2, UBS Says
Starbucks (SBUX) is expected to maintain solid sales momentum on its turnaround strategy, though investor focus is shifting toward margin recovery in H2, UBS said in a note on Wednesday.The brokerage said strong transaction-driven comparable sales growth in Q2 reflected improvements in operations, menu innovation and updated loyalty program.Looking ahead, UBS said continued execution on initiatives such as afternoon beverage platforms, loyalty enhancements, store closures and operational improvements should support sales into H2.UBS also expects margin expansion later in the year, supported by sales leverage, cost savings and easing pressures from tariffs and coffee costs.UBS raised the price target on the stock to $105 from $100 but maintained a neutral rating.Price: $106.10, Change: $+8.82, Percent Change: +9.06%
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