Financial Wire

Evercore ISI Adjusts Lennar Price Target to $82 From $89, Maintains Underperform Rating

-- Lennar (LEN) has an average rating of Underweight and mean price target of $89, according to analysts polled by FactSet.

(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

Price: $88.09, Change: $-0.88, Percent Change: -0.99%

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China Rolls Out 216.8 Billion Yuan for Key Projects

China allocated 216.8 billion yuan in ultra-long special treasury bonds, funding 336 projects, according to the National Development and Reform Commission.The projects span artificial intelligence, underground pipeline upgrades, Yangtze River transport infrastructure, high-standard farmland and higher education.The second batch brings total funding to 606.5 billion yuan, 76% of the full-year target of 800 billion yuan.

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Equities

Germany-owned Sefe Plans to Sell Up to EUR2 Billion of Shares

German government-owned Securing Energy for Europe, or Sefe, is aiming to raise between 1.5 billion euros and 2 billion euros from an offering of shares, London's Financial Times reported Monday.Formerly named Gazprom Germania, the company fell under German government ownership after its seizure in 2022, following Russia's attack on Ukraine. Sefe Chief Executive Officer Egbert Laege said the targeted funds are earmarked for the expansion of the group's infrastructure management business.The executive said they are engaging the German government regarding preferences or restrictions on the offering. The offering will be carried out in line with the European Commission's requirement for the German government to sell at least a 75% stake in Sefe by the end of 2028.

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Insider Trading

Aehr Test Systems Insider Sold Shares Worth $2,125,000, According to a Recent SEC Filing

Howard T Slayen, Director, on April 17, 2026, sold 25,000 shares in Aehr Test Systems (AEHR) for $2,125,000. Following the Form 4 filing with the SEC, Slayen has control over a total of 178,328 common shares of the company, with 178,328 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1040470/000104047026000122/xslF345X05/primary_01.xml

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