-- Kepler Cheuvreux on Thursday increased the price target for car services and fuel station operator Saudi Automotive Services (SASE:4050), d/b/a Sasco, to 48.00 Saudi riyals from 46.00 riyals and affirmed its rating at reduce.
(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)
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 by $2 to $30, based on a 2027 P/E of 13.3x, a justified discount to GNTX's five-year average P/E of 16.7x. We maintain our EPS estimates of $2.00 for 2026 and $2.25 for 2027. Following GNTX's Q1 earnings release, we are lowering our price target but reiterating our Strong Buy opinion on the shares. It was a solid earnings release all around, with both sales and margins exceeding expectations and higher full-year revenue guidance. The investment thesis from our late January upgrade to Strong Buy appears intact, with gross margins rebounding nicely (+60 bps to 33.8% in Q1) and a risk/reward that appears compelling. While tepid volumes remain a concern (mirror shipments were -6%), GNTX's strong balance sheet and sub-industry leading gross margins are key distinguishing factors supporting our rating. GNTX's 12% Y/Y EPS growth in Q1 also underscores its easier near-term comps.
Trio-Tech International (TRT) said Friday it priced a registered direct offering of about 1.1 million shares, for gross proceeds of about $10 million.The company said it intends to use the offering net proceeds for general corporate purposes, including strategic investments to expand capacity and support growth opportunities in artificial intelligence and automotive markets.The offering is slated to close on Monday, Trio-Tech International said.Shares of the company were up about 30% in Friday trading.Price: $15.80, Change: $+2.02, Percent Change: +14.62%
Air Products & Chemicals (APD) plans to build and operate a new air separation unit in Cocoa, Florida, to meet growing demand from space-launch providers.The plant will produce liquid oxygen, nitrogen and argon and is expected to be operating in H2 2028, the company said Friday in a statement.The facility will also supply the regional merchant market, serving industries including metals processing and fabrication, medical and chemical, the company said.Price: $302.70, Change: $-0.95, Percent Change: -0.31%