News

Glonghui May 20｜An exchange has raised Costco's target price from $1,100 to $1,160 and reaffirmed its "outperform" rating and preferred status. Analysts stated that the long-term investment thesis remains unchanged, and in the short term, Costco may also benefit from relatively high household food inflation.

```htmlGolden Ten Data May 20｜RBC Capital Markets pointed out that the merger between New Era Energy and an exchange is expected to undergo a lengthy regulatory review in Virginia. The two companies announced an all-stock deal on Monday. After the merger, they will become the world's largest regulated electric utility company. Analysts expect the Virginia regulatory authorities to follow their usual practice and use the full review period. The entity Virginia Electric and Power Co. under the exchange is larger than companies involved in previous mergers, which may also extend the review time. RBC Capital Markets reiterated its “sector perform” rating for the exchange and raised its target price from $66 to $72 to reflect the implied value of the transaction.```

Golden Ten Data reported on May 20 that Fawad Razaqzada, market analyst at FOREX.com, said that as the key 160 level for the yen comes back into focus, the risk of Japanese authorities intervening in the foreign exchange market to support the yen against the US dollar is rising again. He pointed out: "The outlook for USD/JPY remains firmly on a return to the 160.00 region, which investors are increasingly viewing as the bottom line for Tokyo policymakers." The analyst added: "If authorities stand aside again as the pair approaches this level, market attention may quickly shift to the 161.00-162.00 region."