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UBS Downgrades Janux Therapeutics to Neutral From Buy, Adjusts PT to $15 From $57

Janux Therapeutics (JANX) has an average rating of Buy and mean price target of $46.75, 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://finwires.com/en/contact)

$JANX

Asia99d ago

SRM Contractors Secures Orders Worth INR1.68 Billion

SRM Contractors (NSE:SRM, BOM:544158) secured contracts worth a combined 1.68 billion Indian rupees from the National Highways Authority of India and the Public Works Department, Maharashtra, according to a Wednesday filing on Indian bourses.The NHAI order, valued at 1.28 billion rupees, involves landslide remediation works on the Pandoh-Kullu section of NH-03 in Himachal Pradesh on an EPC basis, the filing said. The order is to be completed in 12 months, it added.The Maharashtra Public Work Department contract, worth 400 million rupees, covers construction of a road, bridges and culverts on the Nandgaon Peth-Morshi-Warud section of NH-353K, the filing said. The contract is for 18 months, it added.

BOM:544158NSE:SRM

Research99d ago

Goldman Sachs Downgrades SolarEdge Technologies to Sell From Neutral, Adjusts PT to $31 From $36

SolarEdge Technologies (SEDG) has an average rating of Hold and mean price target of $35.80, 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://finwires.com/en/contact)

$SEDG

Mining & Metals99d ago

Chemtrade Logistics Renews Normal Course Issuer Bid

Chemtrade Logistics Income Fund (CHE-UN.TO), which lost 18% on Tuesday, announced the early termination of its existing normal course issuer bid which began on Aug. 19, 2025, and had an expiry date of Aug. 18, 2026, and the start of a new NCIB.The company on Wednesday said that the Toronto Stock Exchange (TSX) accepted its notice of intention to start the NCIB.As of Apr. 10, 2026, under the terminated bid, the fund had bought back for cancellation, near 5.3-million units out of the more than 11.2-million units at a volume weighted average price of $14.55 per unit, for total cash consideration of about $76 million.Due to the early termination and start of the new bid, the 5.3-million units purchased under the terminated NCIB will be deducted from the maximum number of units that may be purchased under the NCIB as per the requirements of the TSX. Under the NCIB, Chemtrade is authorized to buy back up to 11.1-million units, about 10% of the company's public float as of Apr. 10, less the 5.3-million units purchased under the terminated NCIB, for net new purchases of up to 5.8-million units.The NCIB begins on Apr. 17, and will cancel on April 16, 2027, or such earlier date that Chemtrade completes purchases. Chemtrade also entered into an automatic purchase plan with its designated broker to allow for purchases of units during certain pre-determined blackout periods, subject to certain parameters as to price and number of units.Shares of the company closed down $3.26 to $14.50 on Tuesday on the TSX.

$CHE-UN.TO

Japan99d ago

US Equity Futures Flat Pre-Bell as Traders Remain Optimistic About Potential US-Iran Deal

US equity futures were mostly unchanged pre-bell Wednesday as traders continue to be optimistic about the possibility of a US-Iran agreement.Dow Jones Industrial Average futures, S&P 500 futures, and Nasdaq futures were all flat.Negotiations between the US and Iran could resume as early as this week, with the New York Post quoting President Donald Trump as saying it could happen "over the next two days."Traders digested earnings from Bank of America (BAC) and Morgan Stanley (MS), which posted higher Q1 earnings and revenue. Progressive Corp. (PGR) is also expected to report earnings pre-bell.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.8% at $95.56 per barrel and US West Texas Intermediate crude 0.6% higher at $91.87 per barrel.The April Empire State manufacturing index, scheduled for release at 8:30 am ET, is seen coming in at zero versus negative 0.2 previously, according to estimates compiled by Bloomberg.The March import price index, scheduled for release at 8:30 am ET, is expected to show a 2.3% month-over-month increase after a 1.3% gain previously. The export price index is also projected to rise 1.5% to match the previous month's gain.The April US housing market index, slated for 10 am ET, is seen coming in at 37 versus 38 previously.

Dow JonesNasdaq CompositeS&P 500$BAC$MS$PGR

Asia99d ago

Market Chatter: Japan's Local Governments and Banks Step In to Aid Small Businesses Hit by Middle East Conflict

Japanese local governments and banks are stepping in to support small businesses affected by the Middle East conflict, Nikkei Asia reported on Wednesday, citing farmers and business owners.The local governments are offering businesses cash-flow assistance and easing loan repayment conditions to protect regional economies, the news agency said.A strawberry grower in Kumamoto Prefecture, in southern Japan, reported that surging crude oil prices are driving up production expenses, the publication said.The cost of heavy oil needed to regulate temperatures inside plastic greenhouses has climbed 20% since the start of the year, while plastic sheeting and other materials have jumped nearly 40%, severely squeezing farm profitability, the report said.The farmer noted that heavy fuel oil, which usually costs around 100 yen per liter, spiked to as high as 136 yen before settling near 120 yen, amid the surge in global oil prices, it added.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225

Asia99d ago

China Eastern Airlines' Passenger Count Climbs 11% in March

China Eastern Airlines' (SHA:600115, HKG:0670) passenger count rose 11% in March to 13 million from 11.7 million in the year-ago period, according to a Wednesday filing with the Hong Kong bourse.Passenger capacity climbed 11% year over year to 27.5 billion available seat kilometers from 24.9 billion available seat-kilometers.Cargo capacity went up 7.4% to 927.5 million available freight ton-kilometers from 863.4 million available freight-ton kilometers.Cargo carried jumped 6.5% to 94.1 million kilograms from 88.4 million kilograms.

HKG:0670SHA:600115

Mining & Metals99d ago

Onex Renewing Normal Course Issuer Bid

$ONEX.TO

Research99d ago

High Liner Foods Price Target Lowered to $15 at Raymond James

Raymond James lowered its price target on High Liner Foods Inc. (HLF.TO) to $15 from $17.Analyst Michael Glen maintained a Market Perform rating on shares of the Canadian prepared and packaged frozen seafood company."We are making adjustments to our forecast to reflect a recent corporate update that included organizational changes," Glen said in a note to clients. "These changes were designed to reduce the company's cost structure given current market conditions.""Regarding the outlook, F1Q results are projected to come in 'modestly below' the prior year period with earnings pressured by a combination of promotional intensity, rising input and commodity costs, and tighter supply conditions," the analyst said."As a result, the anticipated profitability recovery has shifted to 2H, with HLF still targeting overall adjusted EBITDA growth for the full year."

$HLF.TO

Research99d ago

Northcoast Research Downgrades Energy Recovery to Neutral From Buy

Energy Recovery (ERII) has an average rating of overweight and mean price target of $14, 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://finwires.com/en/contact)

$ERII

Research99d ago

Canaccord Genuity Downgrades BRP to Hold From Buy, Adjusts Price Target to CA$90 From CA$118

$DOO

Asia99d ago

China Merchants Bank Sells 30 Billion Yuan Undated Bonds

China Merchants Bank (SHA:600036, HKG:3968) completed the issue of 30 billion yuan of undated bonds in the national inter-bank bond market on Tuesday, according to a Wednesday Hong Kong bourse filing.The bonds carry a coupon rate of 2.05% for the first 5 years, following which it will be adjusted every five years.The lender will have conditional redemption rights on every interest payment date since the fifth year.The bank will use proceeds to replenish its additional tier 1 capital.

HKG:3968SHA:600036

Asia99d ago

Market Chatter: Japan's Private Credit Assets Surge 2.5 Times as Local Investors Chase Higher Returns

Total assets in Japan's private credit funds reached 750 billion yen at the end of February, 2.5 times higher than nearly a year prior, Nikkei Asia reported Wednesday.Private credit refers to loans made by nonbank institutions such as investment funds, typically targeting midsized or smaller companies, rather than through traditional banks, the report said.Domestic investors searching for greater returns are fueling rapid growth in private credit funds, even as overseas investors look to exit due to worries about direct lending, the publication reported.Japanese publicly offered investment trusts in the private credit space held only around 3 billion yen in assets five years ago, Nikkei Asia reported Wednesday, citing QUICK Asset Management Research Center's data.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225

Mining & Metals99d ago

Abcourt Mines Provides Operations Update For Sleeping Giant Mine

Abcourt Mines (ABI.V) Wednesday provided an update on activities at the Sleeping Giant mine for the quarter ended March 31.The company completed 7,153 meters of diamond drilling during the quarter and produced 1,197 ounces of gold. It completed 4,572 meters of drilling in the preceding quarter, producing 1,138 ounces of gold.Abcourt said the first long-hole drill will be commissioned underground in April and anticipates the start of the first long-hole stopes in early summer.A gravimetric geophysical survey will also be conducted across the entire Sleeping Giant property, to identify possible significant mineralized zones at depth. Recent observations of drill cores showed the presence of minerals that are often associated with gold, suggesting significant mineral potential linked to a deep volcanic source, a statement said.The results will allow for better targeting of future drilling and assessment of the deposit's potential at depth, with the aim of optimizing the next stages of exploration, the company added.Abcourt shares closed unchanged at $0.10, on the TSX Venture Exchange.

$ABI.V

Research99d ago

BRP Downgraded to Hold at TD

BRP Inc. (DOO.TO) was downgraded to Hold from Buy at TD Securities on Wednesday.Analyst Brian Morrison lowered his price target on shares of the Canadian recreational vehicle manufacturer to $84 from $119."Last night, BRP suspended its F2027 guidance as it interprets amended Section 232 tariffs on steel/aluminum/copper imports will increase its tariff exposure by >$500mm this year, or ~40% of EBITDA," Morrison said in a note to clients."We believe available levers to BRP will not offset a large component of this impact, and that the next data point to gain visibility on this major headwind is within a USMCA renegotiation," the analyst said."We dislike knee-jerk reactions to our recommendation, but pre-release our return was below our required hurdle, the magnitude of the impact is material, and visibility to the amendment changing is limited."

$DOO.TO

Research99d ago

TD Cowen Downgrades BRP to Hold From Buy, Cuts Price Target to CA$84 From CA$119

$DOO

Research99d ago

Janney Initiates Ames National at Neutral With $31 Price Target

$ATLO

Commodities99d ago

Global Wind Capacity Hit 176 GW in 2025, Wood Mackenzie Says

Global wind capacity grew by a record 45% in 2025, reaching 176 gigawatts, according to a Wood Mackenzie's Tuesday note.Chinese manufacturers dominated the landscape, securing 78% of total additions as China became the first nation to install over 100 GW in a single year, it said.While Latin America saw a contraction, activity outside China grew by 22%, with the US, India, and Germany remaining top volume contributors, the analysts noted.Wood Mackenzie noted that Chinese original equipment manufacturers more than tripled their 2024 overseas performance, installing 8.5 GW across 22 markets.Goldwind and Envision led the sector, becoming the first manufacturers to individually exceed 20 GW of annual installations.This expansion was primarily concentrated in emerging regions, where competitive pricing and faster delivery cycles allowed Chinese suppliers to aggressively gain ground, the note added.However, despite the rise of Chinese exports, western OEMs remained the preferred suppliers outside China, capturing 75% of the ex-China market and operating in an all-time high of nearly 50 countries, it said.In India, the market saw a significant recovery as domestic installations nearly doubled. Local players connected 2.7 GW, with Suzlon returning to the global top 15.

Research99d ago

Ladenburg Thalmann Initiates Elicio Therapeutics at Buy

$ELTX

Research99d ago

Citigroup Downgrades Adecoagro to Neutral From Buy, Adjusts PT to $15 From $13

Adecoagro (AGRO) has an average rating of overweight and mean price target of $14.68, 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://finwires.com/en/contact)

$AGRO

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