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歐洲、中東和非洲石油市場動態:受美伊外交影響,油價下跌

-- 週二,布蘭特原油期貨價格走低,投資人將注意力集中在巴基斯坦高風險的和平談判上,目前的停火期限也迫在眉睫。 布蘭特原油期貨合約下跌1%,至每桶94.57美元。穆爾班原油4月20日收在每桶93.04美元,截至發稿時已停止交易。 然而,由於美國總統川普排除了將停火期限延長至週三晚間之後的可能性,油價仍然徘徊在達成協議的希望和衝突再次升級的威脅之間。 儘管油價已從週一的高點回落,但荷蘭國際集團(ING)的分析師警告稱,能源市場可能「低估」了持續的衝突,並指出「樂觀情緒似乎掩蓋了供應衝擊的現實」。 據報道,川普表示,在沒有簽署協議的情況下,他極不可能延長停火期限,並重申美國對霍爾木茲海峽的海上封鎖將繼續有效,直到伊朗同意最終解決方案。 路透社引述一位伊朗高級官員的話報道,德黑蘭方面正在積極評估是否參與在伊斯蘭堡舉行的第二輪和平談判。 截至週二上午,霍爾木茲海峽的航運活動仍受到嚴格限制。 儘管伊朗上週五曾短暫宣布該通道開放,但美國週末扣押伊朗船隻的事件導致德黑蘭重新實施了限制措施。 由於全球約五分之一的石油供應岌岌可危,市場正密切關注伊斯蘭堡和平談判的任何動向,預計談判代表將在那裡舉行會談。

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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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$^TASI$SASE:2380$SASE:4012
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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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