Gulf markets tick down after Iran attacks Israel, global traders on edge By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
- Gulf Market Reaction to Iran's Attack on Israel: Gulf markets dropped slightly in response to Iran's attack on Israeli territory, with investors eyeing oil prices and global economic data.
- Stock Market Movements: Saudi Arabia's benchmark index closed down 0.3%, while the main Qatari index was down 0.8%; Tel Aviv's broad index rose 0.3%.
- Geopolitical Tensions: Iran launched drones and missiles at Israel in retaliation for a suspected attack, warning of a larger response; Israel indicated the conflict is ongoing.
- Market Impact: Oil prices were already rising due to concerns over Iran's response, affecting assets like gold and Bitcoin.
- Investor Sentiment: Geopolitical tensions between Iran and Israel are a key focus, alongside considerations of U.S. inflation data and Federal Reserve actions.
Analyst Views on LCO
Wall Street analysts forecast LCO stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for LCO is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 27.375
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Current: 27.375
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
