-- 週五，生質燃料原料期貨收盤漲跌互現，交易員在豆油市場獲利了結。 芝加哥期貨交易所（CBOT）5月大豆期貨合約週五收盤上漲0.90%，報每蒲式耳11.75美元；而CBOT 5月豆油期貨合約則下跌0.90%，報每磅67.09美分。 週四，紐約商品交易所（Nymex）5月乙醇期貨合約下跌1.28%，每加侖1.92美元。 DTN分析師雷特蒙哥馬利表示，豆粕期貨兩位數的漲幅支撐了大豆期貨價格。 「豆粕價格上漲主要歸功於豆粕多空價差在本週收盤時擴大。在其他市場，原油期貨連續第二個交易日小幅走高，但由於美伊週末將在巴基斯坦舉行談判，市場看漲情緒有所緩和，」分析師表示。 蒙哥馬利援引新聞報道稱，週四隻有八艘船通過霍爾木茲海峽，而且全部載有伊朗貨物，“這無疑將成為美伊停火談判持續進行之際的一個爭議點。”
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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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