-- General Motors (GM) has an average rating of overweight and mean price target of $95.78, according to analysts polled by FactSet.
Price: $76.46, Change: $-2.49, Percent Change: -3.15%
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Fed Chair Nominee Kevin Warsh Wins Senate Banking Committee Vote
The US Senate Banking Committee voted Wednesday to advance Kevin Warsh's nomination as Federal Reserve chair to the Republican-controlled Senate.Warsh is President Donald Trump's pick to replace Jerome Powell, whose term as Fed chief expires on May 15. Trump has repeatedly criticized Powell for the central bank's cautious view on lowering interest rates.The committee voted 13-11 to set Warsh up for a final confirmation vote in the Senate, hours before the Fed was scheduled to announce its decision on interest rates. The Federal Open Market Committee is widely expected to leave its policy rate unchanged later today.This could be Powell's last monetary policy meeting as Fed chief, assuming the full Senate confirms Warsh in the week of May 11.Powell's term on the Fed's Board of Governors runs through January 2028, though its unclear if he would exit the Fed or decide to stay on."If the Senate Banking Committee confirms Kevin Warsh tomorrow morning, Powell could potentially announce he is stepping down at the press conference, with Warsh presumably taking a seat at the helm for the June FOMC meeting," Stifel said in a note on Tuesday.Warsh served as a governor on the central bank's board from 2006 to 2011. Before joining the Fed, he was part of the George W. Bush White House and had worked at Morgan Stanley (MS).
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Research Alert: CFRA Trims View On Shares Of Coca-cola Europacific Partners To Sell From Hold
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month target price for Coca-Cola Europacific Partners (CCEP) to USD88 from USD109. This is based on a 2026 P/E of 17.5x, below its five-year historical average of 18.2x and the industry forward average of 18.2x. We believe our relative valuation appropriately reflects CCEP's waning growth potential (to a typical 3%-4% annual growth) and limited room for organic margin expansion under the current operating environment. We revise our 2026 EPS to EUR4.29 from EUR4.50 and 2027 EPS to EUR4.32 from EUR4.70. We think CCEP faces structural margin headwinds from heavy Coa-Cola branding dependence and incidence pricing constraints. While CCEP is seen mitigating this through mix shift toward Monster Energy, we expect volume to normalize through 2026. We believe management's 2026 cost guidance (c.1.5%) is optimistic given potentially underestimating the incidence rates and likely overestimated productivity benefits, especially in a cost-sensitive environment.
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U.A.E's OPEC Withdrawal Likely to Begin Lowering Oil Prices by 2027
The decision by the United Arab Emirates to withdraw from the OPEC cartel on May 1 is unlikely to offer any near-term relief from high oil prices this year, but raises over-supply risks and lower prices beginning as soon as 2027, Woods Mackenzie said on Wednesday.The UAE's move to leave OPEC comes amid its long-standing push to boost production as it chafed under OPEC quotas while spending to boost its potential output. The country is OPEC's No.3 oil producer and the world's No.7 exporter. Removing quota restrictions makes it a powerful competitor to the cartel and could begin returning the market to over-supply once a recovery from the Iran war is complete."As the nation with the second-largest liquids capacity in OPEC, the UAE's exit is momentous. However, it's not entirely surprising as political tensions between the UAE and Saudi Arabia have been building over the last few years and have intensified in recent months amid the ongoing conflict in Iran. UAE's departure from OPEC will have minimal impact on market fundamentals in 2026, even if the Strait of Hormuz reopens. Gulf countries, including the UAE, will take months to return to pre-war production volumes. Beyond this year, losing the UAE will compound OPEC's challenge to balance the market and increase the risk of oversupply weakening prices," chief analyst Simon Flowers said in a release.The analytics firm said when the UAE begins competing with OPEC, OPEC+ and other producers for market share next year "challenges OPEC's current policy of unwinding its voluntary cuts. If tensions escalate, competition between the UAE and OPEC for market share could send medium-term oil prices sharply lower".
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