
Belimo price target raised to CHF 1,052 from CHF 788 at Jefferies
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Eight countries that belong to the oil cartel known as OPEC Plus said Sunday that they would boost oil production by 547,000 barrels a day beginning in September, the latest in a series of monthly increases that began in April. The move, in effect, reverses a program of 2.2 million barrels a day in output cuts that was put in place in 2023 to tighten supply and prop up the markets. The announcement from OPEC Plus was expected and so may have little impact on prices. 'We expect a limited negative market reaction,' analysts at the investment bank Jefferies said in a note to clients after the announcement. After years of pursuing production restraints, the group, led by Saudi Arabia, is taking advantage of what analysts view as a relatively short-term window in the oil market to boost output. The United Arab Emirates and other countries have chafed at restraints on production that have opened the way for the United States and other producers outside OPEC Plus to pump more oil. In addition, Saudi Arabia and other oil-producing countries appear to have an interest in pleasing President Trump, who wants lower gasoline prices for American drivers. Want all of The Times? Subscribe.


Business Insider
a day ago
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Infinity Natural Resources, Inc. Class A (INR) Gets a Buy from Siebert Williams Shank & Co
In a report released on July 11, Gabriele Sorbara from Siebert Williams Shank & Co maintained a Buy rating on Infinity Natural Resources, Inc. Class A, with a price target of $26.00. The company's shares closed last Friday at $15.25. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Sorbara is a 5-star analyst with an average return of 21.0% and a 57.02% success rate. Sorbara covers the Energy sector, focusing on stocks such as Civitas Resources, Comstock Resources, and EOG Resources. Infinity Natural Resources, Inc. Class A has an analyst consensus of Strong Buy, with a price target consensus of $25.75, which is a 68.85% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $24.00 price target. The company has a one-year high of $23.00 and a one-year low of $13.64. Currently, Infinity Natural Resources, Inc. Class A has an average volume of 284.1K.


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Jefferies Sticks to Their Buy Rating for InterGlobe Aviation Ltd (INDIGO)
In a report released on July 31, Prateek Kumar from Jefferies maintained a Buy rating on InterGlobe Aviation Ltd, with a price target of INR6,925.00. The company's shares closed yesterday at INR5,788.50. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Kumar is a 3-star analyst with an average return of 9.5% and a 68.00% success rate. Kumar covers the Basic Materials sector, focusing on stocks such as Ambuja Cements Limited, Dalmia Bharat Ltd., and Grasim Industries Ltd.. The word on The Street in general, suggests a Strong Buy analyst consensus rating for InterGlobe Aviation Ltd with a INR6,378.00 average price target, implying a 10.18% upside from current levels. In a report released on July 17, Bank of America Securities also maintained a Buy rating on the stock with a INR6,550.00 price target.