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US import tariffs on crude oil from Canada and Mexico are set to end next Wednesday, with a potential 10% tariff on Canadian oil and 25% on Mexican oil. However, the market anticipates these tariffs may not be implemented, as evidenced by the narrowing price discount for Canadian oil, which has dropped significantly in recent weeks. This shift may also be influenced by expected reductions in oil supplies from Venezuela, positioning Canadian oil as a viable alternative for US refineries.
U.S. President Donald Trump's upcoming tariff announcements are raising concerns about the global growth outlook, although analysts at Barclays believe the risks are largely priced into the market. The tariffs, targeting 15-25 countries, are set to take effect immediately, with negotiations expected to follow, prolonging uncertainty regarding their final scope and timing. Trump plans to impose duties on all automotive imports not made in the U.S., potentially excluding Mexico and Canada, which are integral to North American car manufacturing.
UBS forecasts a decline in the Canadian dollar due to ongoing economic challenges, including recession risks and disappointing labor market data. The USDCAD exchange rate is expected to rise to between 1.44 and 1.46, influenced by tariffs, as inflation remains high and the Bank of Canada faces limited rate cuts. This environment of stagflation could significantly impact trade and investment decisions globally.
Lululemon's price target has been reduced to $335 from $376 by UBS. This adjustment reflects the latest analysis and market conditions impacting the company's valuation.
Morgan Stanley has lowered its price target for Lululemon to $373 from $411. This adjustment reflects a shift in market expectations for the athletic apparel company.
Wells Fargo has lowered its price target on lululemon athletica to $315 from $375 while maintaining an equalweight rating. The company, known for its technical sportswear, generates 45.9% of net sales from directly operated stores, 44.8% from online sales, and 9.3% from other sources, with a significant presence in the U.S. (66% of sales).
Deutsche Bank has lowered its price target on lululemon athletica to $362 from $401 while maintaining a hold rating. The company specializes in technical sportswear, with net sales primarily generated from directly operated stores (45.9%) and online sales (44.8%). Geographically, 66% of sales come from the United States, followed by Canada (13.4%), China (10%), and other regions (10.6%).
Goldman Sachs has lowered its price target for lululemon athletica Inc. to $363 from $397 while maintaining a neutral rating. The company, known for its technical sportswear, generates 45.9% of its net sales from directly operated stores, 44.8% from online sales, and 9.3% from other sources. Geographically, 66% of sales come from the United States, followed by Canada (13.4%), China (10%), and other regions (10.6%).
Citigroup's stock has risen over 22% in the past six months, but its 3% dividend yield and high valuation ratios suggest caution for investors. In contrast, Toronto-Dominion Bank, despite facing regulatory challenges in the U.S. and an asset cap, offers a more attractive 4.8% dividend yield and remains financially strong, with growth potential in its Canadian operations.
UBS analyst Esther Rajavelu has maintained a Neutral rating on Ionis Pharmaceuticals with a price target of $45, as the stock trades near its 52-week low at $31.40. The company is focused on launching Tryngolza for familial chylomicronemia syndrome and has partnered with Sobi for commercialization outside the U.S. Despite a revenue decline of 10.5% to $705 million, Ionis has secured EU approval for WAINZUA and is advancing its investigational treatments, while management anticipates Phase 3 data for olezarsen in severe hypertriglyceridemia by late 2025.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
us import tariffs on canadian and mexican crude oil may not materialize
Mexican Peso
Canadian Dollar
United States Dollar
Commerzbank AG
MEX
CAN
USA
Carsten Fritsch
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12:48 28.03.2025
trump tariffs raise concerns over global growth outlook and trade tensions
12:10 28.03.2025
Canadian dollar faces decline amid economic challenges and recession risks
11:56 28.03.2025
Lululemon price target reduced to 335 by UBS analysts
11:45 28.03.2025
Lululemon price target reduced by Morgan Stanley to 373 from 411
11:31 28.03.2025
wells fargo lowers lululemon price target to 315 maintains equalweight rating
10:53 28.03.2025
Deutsche Bank lowers lululemon price target while maintaining hold rating
10:53 28.03.2025
goldman sachs lowers lululemon price target while maintaining neutral rating
10:51 28.03.2025
undervalued bank stock offers high yield despite regulatory challenges
09:35 28.03.2025
Ionis Pharmaceuticals maintains focus on Tryngolza launch amid mixed analyst ratings
09:11 28.03.2025
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