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

0718 GMT - Safran's strong free cash flow in 2025 was a positive surprise, Jefferies analysts say. The French aerospace-industry supplier posted a 14% beat versus consensus estimates and now expects about 21 billion euros in cumulated cash flow for 2024-28, ver8sus a previous estimate of between 15 billion and 17 billion euros. This increase wasn't expected and is good news, the analysts say. Shares closed at 307.30 euros. (cristina.gallardo@wsj.com)

0709 GMT - Safran set strong targets for 2026 and 2028, despite the French aerospace-industry supplier's usual caution in guiding, Bernstein analysts say. There's a chance for more raises until 2028, they add. However, the company's fourth-quarter sales missed the consensus estimate by 2%, they note. Safran is Bernstein's top aerospace pick for this year. (cristina.gallardo@wsj.com)

0621 GMT - Bayer CropScience is likely a pure play on agrochemical consumption in India, Elara Securities (India)'s analysts say in a research report. The Indian agricultural solutions provider plans to prioritize product launches, which would help it regain lost market share in some crops, the analysts say. The company's strategic initiatives such as portfolio prioritization and timely lifecycle management should improve profitability through its crop protection portfolio. The brokerage lifts its FY 2026-2028 earnings forecasts for the company by around 11%-17%. It revises the stock's rating to buy from accumulate and raises the target price to INR6,100.00 from INR5,167.00. Shares are 1.2% lower at INR4,775.00. (ronnie.harui@wsj.com)

0620 GMT - Federated Hermes cements its own top-down country allocation framework's overweight views on Japan after the recent Lower House election as shifting global flows further support market momentum, Martin Schulz says in a note. "Japan has been on a path of increasingly becoming more investable over the past decade," the head of international equities says. This is due to capitalizing on its extensive reform efforts, particularly corporate governance, defeating deflationary headwinds, boasting reasonable valuations, and leveraging a competitive currency and strong balance of payments backdrop. "We see the Liberal Democratic Party's landslide victory as an extension of this new era, one that is likely to be defined by higher wages and inflationary pressures, targeted fiscal expansion, yen volatility, and a more nationalistic agenda." (emese.bartha@wsj.com)

0528 GMT - Bharat Forge is likely to see continued growth on account of increasing orders from the defense sector, Nomura analysts say in a research report. The Indian forging manufacturer won orders worth INR23.9 billion, including INR18.8 billion of defense orders in 3Q FY 2026, the analysts note. Its order book is at INR111 billion, led by a carbines order that will be executed over four years. Management expects defense orders to reach 18%-20% of revenue by 2030. Also, the India-U.S. trade deal removes tariff overhang on the company and new order wins should persist. Nomura raises the stock's target price to INR1,844.00 from INR1,553.00 with an unchanged neutral rating. Shares are 1.1% higher at INR1,751.00. (ronnie.harui@wsj.com)

0515 GMT - NetEase's lengthening revenue deferral cycle is positive, says Morningstar analyst Ivan Su in a research note. As NetEase's deferred revenue is amortized over the estimated average playing period, a longer recognition cycle indicates users are spending more time in NetEase's newer titles, showing stronger engagement and retention, Su says. With game makers increasingly incorporating AI in game production, Su thinks top-tier game makers like NetEase could produce games more efficiently, adding that AI is pushing gaming companies to develop better products. NetEase's H Shares are last 1.6% lower at HK$184.00. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

February 13, 2026 02:18 ET (07:18 GMT)

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