-- 法國興業銀行在周五早晨發布的經濟新聞摘要中指出： ——布蘭特原油價格下跌，VIX指數上漲1.3%至18.2，美伊談判將於本週末重開機。川普總統表示：「我們與伊朗達成協議的前景非常樂觀，而且這將是一項不錯的協議。他們幾乎同意了所有事項。他們現在需要拿出書面文件來。」與此同時，以色列和黎巴嫩同意休戰10天。 ——美國國債託管持有量在過去八週中第七週下降，自2月底以來已減少1,060億美元。美國前財政部長保爾森表示：“鑑於長期以來對聯邦債務負擔的擔憂，美國必須制定一項緊急計劃，以避免最終可能出現的對美國國債需求的‘惡性’崩潰。” 日本央行政策變動：下一次升息25個基點將延後至6月或7月，取決於伊朗戰爭的進展，之後可能延後至10月或12月。 今日要聞：聯準會主席戴利、巴金和沃勒將發表演說。英國央行行長布里登和皮爾也將出席會議。歐元區貿易收支情況也將進行討論。
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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.
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