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Research19d ago

Sadif Upgrades Saudi Awwal Bank to Buy, Raises PT

Sadif Investment Analytics on Monday upgraded lender Saudi Awwal Bank (SASE:1060) to buy from hold and increased its price target to 36.85 Saudi riyals from 33.01 riyals.(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)

Research19d ago

Renta4 Downgrades Enagás to Hold Rating

Renta4 on Tuesday downgraded energy infrastructure company Enagás (ENG.MC) to hold from outperform and maintained its price target at 17.80 euros.(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)

Research19d ago

RBC Upgrades Naturgy to Outperform Rating, Boosts PT

RBC on Tuesday upgraded Spanish utility Naturgy Energy Group (NTGY.MC) to outperform from sector perform and increased its price target to 31.50 euros from 25.50 euros.(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)

Research19d ago

HSBC Trims SAL Saudi Logistics Services PT, Keeps Hold Rating

HSBC on Monday decreased the price target for logistics company SAL Saudi Logistics Services (SASE:4263) to 165.00 Saudi riyals from 170.00 riyals, while maintaining its hold rating on the stock.(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)

Research19d ago

Barclays Upgrades TAG Immobilien to Overweight, Lifts PT

Barclays on Tuesday upgraded German property company TAG Immobilien (TEG.F) to overweight from equal weight and increased its price target to 17.30 euros from 15.20 euros.(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)

Research19d ago

GTN Middle East Downgrades Banque Saudi Fransi to Neutral, Lifts PT

GTN Middle East on Monday downgraded Banque Saudi Fransi (SASE:1050) to neutral from buy and increased its price target to 23.50 Saudi riyals from 23 riyals.(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)

Research19d ago

Research Alert: Hal: A Tough Margin Environment In Q1

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:HAL reported Q1 2026 adjusted EPS of $0.55, beating consensus by $0.05, though adjusted operating income declined 14% Y/Y to $679M. Revenue was flat Y/Y as C&P segment weakness (down 3.3%) offset D&E growth (up 3.9%), while margin compression continued with C&P margins falling 240bps Y/Y to 14.6%. We do not share management's optimism on North America recovery timing, as we question how long early signs of recovery (per management might take to reach mid-cycle stage). Despite those signs, weak stimulation activity hurt performance in North America in Q1. The Middle East geopolitical situation impacted results by $0.02-$0.03 per share, while Latin America provided a bright spot with 22% revenue growth. We think operators will remain cautious in North America despite high crude prices, given potential reversion if geopolitical tensions ease. We note HAL's 36% Y/Y capex reduction in Q1, not suggestive of unbridled optimism, though we note HAL's Q2 outlook should emerge on today's 9 a.m. call.

Research19d ago

Research Alert: Tsco Reports Earnings And Revenue Miss In Q1 2026

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Tractor Supply Company's (TSCO) Q1 2026 results disappointed with EPS of $0.31 missing consensus of $0.34 and revenue of $3.59B (+3.6% Y/Y) below the $3.64B estimate. Comparable store sales improved to +0.5% from -0.9% prior year, though traffic fell 1.0% while average ticket rose 1.6%, indicating persistent consumer engagement challenges. TSCO's accelerated new store opening cadence of 40 locations and strength in core farm and ranch business with continued market share gains support the long-term growth strategy. Management reaffirmed 2026 guidance of 1%-3% comparable sales growth and $2.13-$2.23 EPS, suggesting confidence despite Q1 headwinds. Gross margin held steady at 36.2% through disciplined cost management, but SG&A deleveraged 70 bps to 29.7% on modest sales growth, pressuring operating income, which declined 6.3%. We believe the $244.4M returned to shareholders through repurchases and dividends reinforces management's confidence in long-term value creation potential. Capex was $93.7M vs. $59.5M.

Research19d ago

Research Alert: 3m Prints Q1 Beat; Turnaround Stays On Course

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:3M reported Q1 operating EPS of $2.14 (up 14% Y/Y), beating consensus by $0.16, with organic sales rising 1.2% and operating margin expanding 30 bps to 23.8%. Performance remained mixed across segments, with Safety & Industrial leading (+100 bps margin expansion to 26.5%) while Consumer continues to underperform. We view 3M's transformation efforts positively, highlighted by Q1 acquisitions and portfolio reshaping around higher-growth verticals, with Consumer remaining a top divestiture candidate. Management reiterated 2026 guidance despite strong double-digit order growth trends that could boost upside. We believe structural operational improvements are becoming embedded, evidenced by margin gains despite $66M in transformation costs and inflationary pressures. The launch of 84 new products (up 35% Y/Y) contributed to robust order momentum. We see a long runway for earnings quality improvement as 3M executes simplification and standardization opportunities across its broad portfolio through 2026.

Research19d ago

Sadif Upgrades Sabic Agri-Nutrients to Strong Buy, Boosts PT

Sadif Investment Analytics on Monday upgraded petrochemical company Sabic Agri-Nutrients (SASE:2020) to strong buy from hold and raised its price target to 173.48 Saudi riyals from 126.34 riyals.(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)

Research19d ago

Al Rajhi Capital Lowers Seera Group PT, Keeps Overweight Rating

Al Rajhi Capital on Tuesday reduced the price target for travel agencies operator Seera Group (SASE:1810) to 29 Saudi riyals from 33 riyals, with an unchanged overweight rating.(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)

Research19d ago

Kempen Upgrades Brenntag to Buy Rating, Boosts PT

Kempen on Tuesday upgraded German chemicals company Brenntag (BNR.F) to buy from sell and increased its price target to 68 euros from 41 euros.(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)

Research19d ago

Cavendish Downgrades Plus500 to Hold Rating, Lifts PT

Cavendish on Tuesday downgraded financial technology company Plus500 (PLUS.L) to hold from buy and increased its price target to 46.85 pounds sterling from 46.65 pounds.(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)

Research19d ago

Norne Securities Upgrades Norsk Hydro to Hold, Boosts PT

Norne Securities on Tuesday upgraded Norwegian aluminum and renewable energy company Norsk Hydro (NHY.OL) to hold from sell and increased its price target to 110.00 Norwegian kroner from 83.00 kroner.(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)

Research19d ago

Grupo Santander Downgrades ArcelorMittal to Neutral Rating, Trims PT

Grupo Santander on Tuesday lowered its rating on pan-European steelmaker ArcelorMittal (MT.AS, MT.PA) to neutral from outperform and reduced its price target to 52.70 euros from 55.00 euros.(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)

Research19d ago

RBC Upgrades Unilever to Sector Perform Rating

RBC on Tuesday upgraded UK-based consumer goods giant Unilever (ULVR.L, UNA.AS) to sector perform from underperform, while maintaining its price target at 42 pounds sterling.(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)

Research19d ago

JP Morgan Reduces Elm Co. PT, Keeps at Overweight

JP Morgan on Monday lowered its price target for digital services company Elm Co. (SASE:7203) to 800 Saudi riyals from 867 riyals, while maintaining an overweight rating.(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)

Research19d ago

Norne Securities Upgrades Aker BP to Hold, Raises PT

Norne Securities on Tuesday raised oil and gas exploration and production company Aker BP (AKRBP.OL) to hold from sell and increased its price target to 350.00 Norwegian kroner from 320.00 kroner.(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)

Research19d ago

Kepler Cheuvreux Cuts Emaar Development's PT, Keeps at Buy

Kepler Cheuvreux on Tuesday reduced the price target for real estate developer Emaar Development (DFM:EMAARDEV) to 19.00 Emirati dirhams from 25.00 dirhams and affirmed its buy rating.(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)

Research19d ago

RBC Capital Upgrades Commerzbank to Outperform, Boosts PT

RBC Capital on Tuesday upgraded German lender Commerzbank (CBK.F) to outperform from sector perform and raised its price target to 43 euros from 37 euros.(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)