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Morgan Stanley Downgrades CSX to Underweight From Equalweight, Price Target is $30

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-- CSX (CSX) has an average rating of overweight and mean price target of $45.84, 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)

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Treasury

Commerzbank on Overnight News

Commerzbank in its "European Sunrise" note of Tuesday highlighted:Markets: United States Treasuries and German Bunds stay on the back foot. Japanese government bond curve flattens from both sides after the Bank of Japan rate decision, with odds for June hike lifted above 70%. S&P closes at a new record and e-minis stay supported, Nikkei falls. Brent rises above US$109/barrel. The euro (EUR) weakens, yen (JPY) rallies.Iran war: President Donald Trump is reviewing the Iran proposal and will address the matter "very soon," says White House spokeswoman. NYT reports Trump is "dissatisfied" with the proposal, WSJ says he is "wary." Secretary of State Marco Rubio says Iran's offer is better than expected, but questioned whether the person who submitted it had the authority to do so. Rubio also said Iran wants control of the Strait of Hormuz, which is unacceptable.U.S.: International carmakers threaten to pull cheapest models from the U.S. without a trade deal (WSJ).==EUROPE:Germany: The finance ministry is preparing several options to deal with budget widening, including debt brake exemption on the emergency clause (Bloomberg).U.K.: British BRC shop prices fell to 1% year over year in April from 1.2%, consensus was looking for an increase to 1.4%.==ASIA:Japan: The BoJ keeps rates on hold in a 6-3 vote, core inflation forecast for this year was raised to 2.8%.

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Asia

TDK's Profit Climbs 17% in Fiscal Year Ended March

TDK's (TYO:6762) profit attributable to owners of the parent rose 17% to 195.7 billion yen for the fiscal year ended March 31 from 167.2 billion yen a year earlier.The electronics company's earnings per share increased to 102.97 yen from 87.98 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales jumped 14% to 2.505 trillion yen from 2.205 trillion yen in the prior year.In a separate disclosure, TDK raised its final dividend payout to 20 yen per share from 18 yen initially planned, and is payable from June 22.For the fiscal year ending March 31, 2027, the company expects attributable profit of 225 billion yen, basic EPS of 118.54 yen, and net sales of 2.58 trillion yen.TDK plans to pay interim and year-end dividends of 20 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

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Equities

Capital One Adjusts Price Target on EQT to $68 From $64, Maintains Overweight Rating

EQT (EQT) has an average rating of overweight and mean price target of $70.91, 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)

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