Clearway Energy downgraded to Neutral from Outperformer at CIBC
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 hours ago
- Yahoo
Gas prices pulling back: What to expect for the rest of 2025
A drop in crude oil (CL=F, BZ=F) prices is driving gas prices lower. Rebecca Babin, CIBC Private Wealth senior energy trader, breaks down what's behind these moves and where oil and gas prices could go from here. To watch more expert insights and analysis on the latest market action, check out more Market Domination. A sharp drop in energy prices is driving lower gas prices and that's helping keep a lid on headline inflation. In July's Consumer Price Index, the gas index fell 2.2% from the prior month helping pull the overall monthly headline number lower. For more, we're bringing in Rebecca Babin, Senior Energy Trader at CIBC Private Wealth. So Rebecca, let's start there. How much of this pullback in gas prices is driven by seasonal trends versus maybe broader shifts in the crude market? And do you expect this relief to last for consumers? So that's a great question, Allie. And I would say most of this pullback in gasoline prices has not been seasonal. Um seasonally, they adjust those numbers in the CPI. This has been much more structural and the structural change that's taken place for gasoline has really been the drop in crude oil prices. If we look at on a year-over-year basis, crude oil is down 15%, gasoline prices year over year are down around nine. So basically the inputs or the crude that goes into the refiners to make gasoline has really been under pressure because OPEC has been bringing back a lot of supply over the last six months and really compressing crude prices lower, combined with the fact that the economy is in question as we kind of move along this tariff journey and understanding what's happening with demand. So we have this kind of increase in supply coming from crude oil and concerns about demands. We've had a really big kind of pressure on the commodity price. Refining margins, interestingly, have actually held up really well. Thus the 9% drop in gasoline versus 15% in crude, and that's actually because we have had product inventories in gasoline really low. Venezuelan products have been off the market, we had wildfires in Canada, which hurt some products. So the product market, the refining margins have been okay. All of that kind of compression and price has come from crude oil itself falling lower. Interesting. So given all those structural changes, where do you see crude heading toward the year end? Are prices skewed to the downside? So the market is very much in consensus that the risk is to the downside from here. And it kind of plays into everything I kind of touched on. More supply coming from OPEC, more supply coming from non-OPEC. The EIA just released their monthly report and increased the non-OPEC supply for the year from the US, from Brazil. Um and then you have the OPEC supply as well. And demand, which is expected to kind of taper off here in the second half as tariffs start to bite. So consensus is that we gravitate down to kind of the mid to high 50s in WTI for the end of the year. My view is I actually think that's a little bit too negative and very much kind of telegraphed at this point. Um so I think we could kind of stay in this, let's call it 60 to 75 range. 60 being kind of that downside, lower end of the risk kind of spectrum, just because I'm looking at positioning, I'm looking at how many CTAs and systematic funds are starting to lean very short. The options market is starting to show you that puts are getting much more expensive than call options, which tells you that people are actively hedging that downside. So a little bit of this is starting to get priced in. So that's kind of, I like this 60 to 75 range. Um and I think the upside is bound by the fact that we do have a lot of supply that kind of sits on the sidelines in Saudi Arabia, in the UAE, um that kind of buffers a potential supply shock. Now, if we lose, you know, Russian barrels, and Friday is obviously a huge event, um for the oil market in terms of what happens with the Putin-Trump meeting and if Trump decides to move forward with either sanctions on the shadow fleet or tariffs, you know, that could change the picture pretty dramatically. I think the upside is buffered by that spare capacity.
Yahoo
12 hours ago
- Yahoo
CIBC downgrades Emera to Neutral after ‘blowout' quarter
CIBC downgraded Emera (EMA) to Neutral from Outperformer with a price target of $68, up from $65. The shares had a muted reaction to a 'blowout' quarter as there is only modest carry-through to future years and the stock already re-rated, the analyst tells investors in a research note. CIBC is not negative on Emera, but sees more upside in other names at current valuation levels. 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. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on EMA: Disclaimer & DisclosureReport an Issue Emera downgraded to Neutral from Outperformer at CIBC Emera Reports Strong Q2 2025 Financial Growth Emera Reports Strong Q2 2025 Financial Growth Driven by Florida Operations Emera reports Q2 adjusted EPS C$0.79 vs. C$0.53 last year Emera backs 5%-7% annual average adjusted EPS growth through 2027 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12 hours ago
- Yahoo
OpenText price target raised to $34 from $31 at CIBC
CIBC raised the firm's price target on OpenText (OTEX) to $34 from $31 and keeps a Neutral rating on the shares. The firm notes that OpenText was up as much as 10% post earnings, with investors pleased with a solid Q4 print and 2026 guidance that included organic growth and EBITDA margin expansion. With a business optimization plan in process, CIBC considers the company's 2026 adjusted EBITDA margin target as achievable and its margin forecast is at the high end of the guidance range. 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. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on OTEX: Disclaimer & DisclosureReport an Issue OpenText names James McGourlay as Interim CEO, effective immediately OpenText Reports Strong Cloud Growth in FY2025 OpenText price target raised to $35 from $33 at Jefferies OpenText price target raised to $33 from $29 at Barclays OpenText Announces Fiscal Year 2025 Financial Results Sign in to access your portfolio
