-- 受季节性需求疲软、气温温和以及供应充足的影响，天然气价格周五早盘从17个月低点小幅回升。 5月交割的天然气价格上涨0.01美元，至每百万英热单位2.68美元，此前一天曾跌至2024年11月以来的最低水平。 由于春季气温温和导致需求下降，而供应仍然充足，天然气价格一直承压。美国国家气象局的长期预测显示，未来6至14天，大多数州的气温将达到或超过季节性水平。 加拿大皇家银行资本市场天然气和黄金策略师克里斯托弗·卢尼在给客户的报告中写道：“随着气温持续回暖，季节性变化带来的压力导致天然气价格持续低迷。鉴于这种季节性变化，需求有所缓和，而供应仍然充足。” 美国能源信息署周四发布的每周天然气库存调查报告显示，上周天然气库存增加了500亿立方英尺，高于NatGasWeather此前预测的480亿立方英尺增幅。此次增幅使天然气库存达到1.91万亿立方英尺，比五年同期平均水平高出4.8%。
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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.
$OTIS
Asia Markets
Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
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$^TASI$SASE:2380$SASE:4012
Research
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.
$URI