Global Equities Roundup: Market Talk

Dow Jones04-17

The latest Market Talks covering Equities. Published exclusively on Dow Jones Newswires throughout the day.

0532 GMT - Alstom's preliminary outlook is worse than expected, especially on free cash flow for the first half of fiscal 2027, Citi analyst Martin Wilkie says in a research note. The company said it expected positive free cash flow for the current year. This follows investor concern earlier this month that new Chief Executive Martin Sion would withdraw guidance, Wilkie says. As a result, Citi lowers its expectations, assuming Alstom to post 700 million euros free cash flow in fiscal 2029 rather than fiscal 2027, the analyst says. The later free-cash-flow recovery is the key driver for the reduction of the target price to 28 euros from 31 euros, Wilkie adds. A negative share price reaction is expected, he adds. (nina.kienle@wsj.com)

0530 GMT - Wipro's revenue guidance seems weak despite strong deal wins, HDFC Securities analysts say in a research report. The Indian company has guided for on-quarter revenue growth of -2%-0% for 1Q FY2027 in constant currency terms, the analysts note. Revenue softness stems from factors including a delayed ramp-up of large-sized deals and a persistent customer-specific issue, the analysts say. The brokerage lowers its EPS estimates for the technology services provider by 3% for FY2027 and by 2% for FY2028. It trims the stock's target price to 215.00 rupees from 225.00 rupees with an unchanged add rating. Shares are 2.5% lower at 204.90 rupees. (ronnie.harui@wsj.com)

0500 GMT - Sembcorp Industries stands to benefit from completion of its Alinta Energy acquisition, which is expected to be completed by end-1H, UOB Kay Hian's Adrian Loh says in a research report. Given the expected inclusion of Alinta Energy's 3.4 gigawatts of installed and contracted generating assets on the east and west coasts of Australia, the brokerage raises its 2026-2028 earnings forecasts for Sembcorp Industries by 16%-25%. Also, there'll be no equity fundraising, as the acquisition is entirely debt-funded, so existing shareholders face zero dilution while receiving full earnings uplift from first day of completion. The brokerage raises the stock's target price to S$8.06 from S$7.10 with an unchanged buy rating. Shares are 0.85% lower at S$7.02. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

April 17, 2026 01:33 ET (05:33 GMT)

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Global Equities Roundup: Market Talk

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