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FINWIRES

加拿大蒙特利爾銀行對加拿大未來一天的展望

-- 蒙特婁銀行(BMO)表示,加拿大將於週五上午8:30(美國東部時間)公佈2月零售銷售數據和3月初步數據。 該行指出,預計2月零售銷售額將較上季成長0.9%,與加拿大統計局的初步估計值一致,此前3月份較上季成長1.1%。 蒙特利爾銀行指出,這將是自2025年春季以來首次連續兩個月增長,凸顯了自「解放日」後美國關稅不確定性加劇以來一直存在的震盪走勢。汽油價格上漲將有助於支撐整體成長,而汽車銷售疲軟,可能導致剔除汽車後的消費支出成長速度與整體成長持平。 該行表示,商品價格持平顯示消費支出量也可能連續第二個月成長。同時,3月的初步估算數據將讓我們得以提前了解伊朗戰爭爆發後銷售情況的變化,預計汽油價格上漲將促使部分消費者減少對非必需品的支出。 該銀行補充說,3月批發貿易的初步報告也將於週五美國東部時間上午8:30發布。 BMO表示,加拿大2月的預算平衡表通常安排在周五發布,但由於春季經濟更新報告將於週二發布,因此該預算平衡表可能會提前發布。 據該銀行稱,週五早盤,美元(USD)小幅走軟(BBDXY -0.05%),而加元(CAD 或 loonie)走強(CAD 兌 USD -0.13%)。

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Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

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Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled

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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

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