-- 獨立研究機構CFRA向發布了以下研究報告。 CFRA分析師的觀點總結如下：我們基於2027年28.5倍的市盈率，將RACE的12個月目標價下調40美元至350美元，該市盈率較RACE過去10年的平均預期市盈率40.6倍存在合理的折讓。我們維持對RACE 2026年和2027年調整後每股盈餘（EPS）9.70歐元和10.50歐元的預期不變。鑑於法拉利令人失望的第一季業績，我們下調了目標價，並維持「持有」評級。該公司第一季獲利未達預期，主要原因是利潤率低於預期，但其全年業績指引保持不變。對於一家擁有業內最佳獲利記錄之一的公司而言，此業績不如預期實屬罕見。我們認為，鑑於汽車製造業的高固定成本特性，RACE第一季汽車銷售成長乏力（-4.4%）持續對其利潤率構成挑戰。此外，我們對該公司計劃於2030年實現產品組合轉型，轉向電動和混合動力汽車的長期前景仍存疑慮，並認為該股目前的風險/回報潛力較為平衡。
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US Treasury Closing Levels
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Commodities
Market Chatter: Japan Advances Energy Loan Talks With South Africa, Promotes Ammonia Co-Firing
Japan is accelerating talks on a yen-denominated energy loan for South Africa while promoting ammonia co-firing technology, Bloomberg said Tuesday, citing Japanese diplomatic officials.Japan will use the proposed loan to support South Africa's energy transition, though it did not disclose the amount, the report said, citing officials.Japan's initiative adds to about $10 billion in climate financing already pledged to South Africa by European countries under an existing energy transition agreement.Germany and Japan are expanding efforts to position their companies in South Africa, targeting opportunities in a market with strong solar and significant green hydrogen production potential.Leaders first discussed the loan during a meeting between President Cyril Ramaphosa and former Japanese Prime Minister Shigeru Ishiba in Yokohama in August, the report added.Japan is promoting ammonia co-firing, which replaces part of coal use at power plants with ammonia to reduce emissions while maintaining existing infrastructure.South Africa can produce green hydrogen using its solar and wind resources, then convert it into ammonia for easier storage and transport, supporting cleaner energy pathways.However, critics say ammonia co-firing could extend the life of coal plants, as South Africa still generates about three-quarters of its electricity from coal, the report noted.has reached out to South Africa's Department of Electricity and Energy for any comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Australia
Brunswick Keeps Quarterly Dividend at $0.44 per Share, Payable June 15 to Holders of Record May 18
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$BC