-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。12ヶ月目標株価を（118ドル）から115ドルに引き下げます。これにより、ACGL株の株価は、2027年度の営業利益予想1株当たり10.55ドル（本日0.40ドル引き下げ）の10.9倍、2026年度の営業利益予想9.93ドル（本日0.12ドル引き下げ）の11.6倍となります。これは、過去3年間の平均予想株価収益率（PER）および同業他社の平均PER12倍と比較して高い水準です。ACGLは第1四半期の営業利益1株当たり2.50ドルを計上しました。これは前年同期の1.54ドルを上回り、市場予想の2.46ドルを上回りましたが、当社の予想2.62ドルには届きませんでした。しかしながら、営業収益は前年比1.3%減となり、当社の8%～15%の成長予測を大幅に下回りました。これは、4.8%減少した保険料収入が、8%増加した投資収益によって部分的に相殺されたことを反映しています。当社は、ACGLを優れた引受能力を持つトップティアの引受会社と見ており、競争の逆風にもかかわらず、強力な収益性指標を維持しています。当社は現在、2026年と2027年の収益成長率を3%～5%と見ています。基礎的な引受結果は業界平均を上回り、コンバインド・レシオは前年の81.0%に対し82.3%となり、業界平均より約5～10ポイント優れており、EPSを支えるでしょう。
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US Markets
Stocks Rise Pre-Bell as Traders Monitor Developments on Potential US-Iran Peace Deal
US equity markets were moving higher before the opening bell Thursday as investors monitor the latest developments over a potential peace deal between the US and Iran.The S&P 500 and the Dow Jones Industrial Average were up 0.1% each, while the Nasdaq was slightly in the green in premarket activity. The indexes finished Wednesday trading higher, with the S&P 500 and the Nasdaq recording their highest close ever and biggest one-day percentage gains since April 8.President Donald Trump told reporters on Wednesday that the US has had "very good talks" with Iran over the past 24 hours, but said there's no deadline on when he expects Tehran to respond to a US proposal to end the war, according to CNN.American and Iranian officials are closing in on a one-page memorandum of understanding to end the war and establish a framework for nuclear negotiations, Axios reported Wednesday, citing sources.In a separate social media post on Wednesday, Trump said US operations against Iran will be "at an end" if Tehran agrees to US demands. "If they don't agree, the bombing starts, and it will be, sadly, at a much higher level and intensity than it was before," Trump said.Iran is expected to give mediators its response to the proposal on Thursday, a regional source told CNN.West Texas Intermediate crude oil dropped 2.2% to $93.03 a barrel before the open, while Brent decreased 2.1% to $99.14."A deal announcement would move futures further immediately, in fact even the potential of a deal is already triggering a decline in oil prices," Rystad Energy Chief Oil Analyst Paola Rodriguez-Masiu said in remarks emailed to. The physical market's recovery won't be as quick as the futures market predicts, Rodriguez-Masiu said, pointing to a six-to-eight-week lag between the strait reopening and oil flows normalizing.Treasury yields were down in premarket action, with the two-year rate retreating 2.3 basis points to 3.85% and the 10-year rate off 2 basis points to 4.33%.Shares of DoorDash (DASH) jumped 10% pre-bell after the food delivery company reported first-quarter earnings ahead of Wall Street's estimates. Warner Bros. Discovery (WBD) nudged 0.5% lower, while Snap (SNAP) fell 10% following their latest quarterly results.McDonald's (MCD), Sempra (SRE), Vistra (VST), Datadog (DDOG), Becton Dickinson (BDX), Tapestry (TPR) and US Foods (USFD) report their latest financial results before the bell, among others. Gilead Sciences (GILD), McKesson (MCK), Cloudflare (NET), Airbnb (ABNB), Monster Beverage (MNST) and CoreWeave (CRWV) are scheduled to announce their earnings after the markets close.Employers in the US announced 83,387 layoffs last month, up 38% from March, Challenger, Gray & Christmas said Thursday.Thursday's economic calendar also has the weekly jobless claims bulletin at 8:30 am.On Wednesday, ADP data showed that employment in the US private sector grew at its fastest pace in more than a year in April. The government's nonfarm payrolls report is out on Friday.Federal Reserve Bank of Minneapolis President Neel Kashkari is slated to speak at 1 pm, while Cleveland Fed President Beth Hammack speaks at 2:05 pm. New York Fed President John Williams' remarks are due at 3:30 pm.Gold increased 1% to $4,740 per troy ounce, while bitcoin declined 0.7% to $80,844.
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Research
JPMorgan Upgrades BrightView to Neutral From Underweight, Adjusts Price Target to $14 From $13
BrightView (BV) has an average rating of overweight and mean price target of $16.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
$BV
Asia
Zhenro Properties Logs 391 Million Yuan in April Contracted Sales
Zhenro Properties Group (HKG:6158) recorded contracted sales of 391 million yuan in April, with gross floor area sold at 26,814 square meters.The property firm's average selling price for the month was 14,600 yuan per square meter, according to a Thursday Hong Kong bourse filing.For the four months ended April 30, contracted sales and GFA reached roughly 1.36 billion yuan and 94,948 square meters, respectively, with an average selling price of 14,300 yuan per square meter.
$HKG:6158