-- Sadif Investment Analytics on Thursday downgraded Saudi Arabian builder Advanced Building Industries (SASE:2240), d/b/a Senaat, to hold from strong buy and lowered its price target to 51.257 Saudi riyals from 55.51 riyals.
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Energy stocks were leaning lower premarket Friday, with the State Street Energy Select Sector SPDR ETF (XLE) declining by 0.1%.The United States Oil Fund (USO) was down 1.2% and The United States Natural Gas Fund (UNG) was 1.8% higher.Front-month US West Texas Intermediate crude oil was 0.1% higher at $94.90 per barrel at the New York Mercantile Exchange. Global benchmark North Sea Brent crude oil rose 0.4% to $100.45 per barrel, and natural gas futures were up 1.1% at $2.80 per 1 million British Thermal Units.Enbridge (ENB) shares were up 0.4% after the company posted Q1 adjusted earnings and revenue that exceeded analysts' estimates.Devon Energy (DVN) stock was up more than 1% after the company launched a new share repurchase authorization of $8 billion and raised its fixed dividend to $0.320 per share, payable June 30 to shareholders of record as of June 15.Plains GP (PAGP) shares were down more than 2% after the company reported a decline in Q1 net income.
Turning Point Brands (TPB) has an average rating of buy and mean price target of $130, 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)