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

0934 GMT - Sanofi and Regeneron Pharmaceuticals' potential successors to blockbuster medicine Dupixent might lag behind rival drugs Pfizer and AbbVie are developing, Citi analysts say in a research note. The new experimental drugs Sanofi and Regeneron will jointly develop under their alliance focus solely on extending the dosing interval of Dupixent without compromising efficacy or tolerability, but there is no expectation of a superior performance, Citi says. This suggests those medicines might struggle to compete with Pfizer's tilrekimig and AbbVie's zumilokibart, both of which have shown potential for better efficacy in midstage trials, according to Citi. Moreover, it might be challenging for Sanofi and Regeneron to get reimbursement for those drugs from healthcare payers after copycat versions of Dupixent become available, the analysts add. Sanofi shares fall 3.4%. (adria.calatayud@wsj.com)

0930 GMT - A buzzy new aperitif should have offered a boost to Campari's U.S. sales over the summer, Bernstein analysts say ahead of the Italian drinks group's third-quarter earnings report later this month. Sarti Rosa, a sweeter aperitif than Campari's namesake bitters and its mainstay Aperol, was launched with a big pink splash in the U.S. in June, as Campari looks to keep cashing in on the popularity of spritz cocktails, especially in the summer months. That should skew the company's 2H net sales growth in North America toward 3Q, Bernstein expects. The brokerage nudges up its earnings expectations for Campari for the year, keeping an outperform rating and a 10.80-euro target on the Milan-listed stock. Shares are up 0.9% at 6.07 euros. (joshua.kirby@wsj.com; @joshualeokirby)

0929 GMT - Partners Group Holding's restructuring of its Global Value SICAV evergreen private capital fund brings a fresh approach to recent challenges, Barclays analysts write. The restructuring moves to an umbrella fund with two sub-portfolios, split across compounding and distributing portfolios. This should give investors more flexibility in how they allocate to private equity over time, Barclays says. The fund's high redemption requests have been one of the sources of pressure on Partners Group's share price, the analysts note. However, there is no change to the company's guidance on sales and redemptions from the fund restructuring, Barclays notes. Shares are up 0.5%. (michael.hennessey@wsj.com)

0923 GMT - European chip stocks jump following a report saying that Samsung Electronics is increasing prices for its memory chips. Samsung is quoting prices around $4 per gigabit in negotiations with customers of its HBM4 memory chips--three times ahead of its current rates, according to a report in South Korean financial daily MK. Shares in European suppliers of Samsung jumped as AI-related stocks on the continent rise more broadly. ASML, Europe's most valuable company, increases 2.2%, while ASM International gains 4.7%. Analog chip makers Infineon and STMicroelectronics gain 6% and 3.3%, respectively. Stocks linked to the AI buildout also trade higher, with Siemens Energy up 2.6% while Prysmian adds 4%.(josephmichael.stonor@wsj.com)

0922 GMT - Hong Kong stocks ended lower, weighed by financial stocks. Hong Kong's benchmark Hang Seng Index ended 2.6% lower at 23972.29, marking its largest daily-percentage loss since March. HSBC Holdings ended 5.4% lower amid fears that the U.K. will raise taxes on the banking industry. Analysts reckon that gains in Asian government bond yields, after 10-year U.S. Treasury yields hit multiyear highs earlier this week, also weighed on Hong Kong's financial stocks. Meanwhile, the closure of the city's market Thursday for a holiday likely exacerbated Friday's losses. The absence of Chinese buyers, as mainland China's markets are shut for the Golden Week holiday until Oct. 8, could also be a factor. (sherry.qin@wsj.com)

0907 GMT - Airbus dispatched 68 commercial aircraft to customers in September, Jefferies analysts write in a research note. They estimate the European plane maker sent seven A220s, 56 A320neos, two A330neos and three A350s. The company delivered 475 aircraft by the end of August and Jefferies's September estimate would lift the year-to-date figure to 543. Analysts say the group would need 14% growth in fourth-quarter deliveries to reach its annual target of about 870 planes. Airbus shares trade 2.1% higher at 189.46 euros. (mauro.orru@wsj.com)

0859 GMT - J.D. Wetherspoon remains ambitious despite higher costs hurting fiscal 2026 profits, Interactive Investor analyst Richard Hunter says. Although the pub chain has been dealt some difficult hands in the past, it has turned adversity into profit, he says. Still, its value model leaves it continually facing higher costs that pressure margins and profits, Hunter adds. Despite lower-than-expected World Cup sales, the stock has surged this past year--beating the broader market--with investors relieved by the company's performance, he says. "Until such time as a sustained recovery can be shown, the market consensus of the shares as a hold will most likely remain in place." Shares are up 7.2% at 871.50 pence. (anthony.orunagoriainoff@dowjones.com)

0853 GMT - Nike's earnings show the company's North American recovery plan is working, but performance in China is weighing on its growth, Jefferies's Randal Konik writes. Nike's 2027 guidance was weaker than expected, and China is the largest overhang on the company's outlook, the analyst writes. However, the earnings validate Chief Executive Elliott Hill's strategy, Konik says. "While the turnaround will take time, improving profitability and North American momentum support our view that progress is on track." The lower guidance is a positive attempt to reset investors' expectations, the analyst adds. Shares fall 9.9% in premarket trade.(josephmichael.stonor@wsj.com)

0845 GMT - Airbus has to deliver a record number of planes to customers in the fourth quarter to meet its annual target, MWB Research's Jens-Peter Rieck writes in a note to clients. The European plane maker is aiming for roughly 870 commercial aircraft deliveries this year. It dispatched 475 by the end of August and Rieck estimates 69 deliveries in September, lifting the year-to-date figure to 544. That means Airbus would need to send about 326, or roughly 109 per month, to meet its annual goal, Rieck says. He notes this would be 14% above last year's fourth-quarter figure of 286 planes and 10% above the previous fourth-quarter record of 297 in 2018. Airbus shares trade 2.1% higher at 189.46 euros. (mauro.orru@wsj.com)

0834 GMT - J.D. Wetherspoon's higher repair costs have taken their toll, but the company's fiscal 2027 has started well, Peel Hunt analysts Douglas Jack and Ivor Jones say in a note. Pretax profit for fiscal 2026 fell 28% as repairs reached 31 million pounds, but sales were up 4.2% over the full year and have accelerated to 8.6% in the first nine weeks of fiscal 2027, the analysts say. Peel Hunt holds its pretax profit forecasts for the fiscal year at 76.1 million pounds, which assume EBIT margins recover by 40 basis points after a 147 basis points decline in fiscal 2026. Peel Hunt raises its target price to 800 pence from 750 pence and reiterates its hold rating on the stock. Shares are up 7.7% at 875.50 pence. (anthony.orunagoriainoff@dowjones.com)

0824 GMT - Citi analysts dismiss concerns that MTU Aero's V2500 aircraft turbofan engine fleet will retire faster than CFM International's competing CFM56 turbofan jet engine. According to the analysts, both narrowbody engine models average roughly 16.5 years in age, and the vast majority of both fleets will be retired within the next decade. The German engine manufacturer's forward earnings growth is expected to remain on par with peers, with cash flow conversion surging toward 80% to 90% as geared turbofan compensation payments--the financial settlement paid by engine manufacturer Pratt & Whitney--end and long-term service agreements grow, Citi says. "We see a strong case for partial closure of MTU's valuation discount to peers," Citi says. Shares are up 0.2% at 369.30 euros.(anthony.orunagoriainoff@dowjones.com)

0824 GMT - Shares of European semiconductor companies are in positive territory as appetite for stocks exposed to artificial intelligence grows. Earlier in the week, memory chip maker Micron Technology posted strong quarterly results and said demand would remain strong for years to come. In Europe, shares of Dutch semiconductor-equipment maker ASML Holding and smaller rival ASM International are up 2.3% and 4.1%, respectively. BE Semiconductor Industries, the Dutch supplier of semiconductor assembly equipment, is up 2.6%. German chip maker Infineon Technologies' stock gains 4.6%. STMicroelectronics shares are up 2.7%. Meanwhile, the E-mini Nasdaq 100 futures contract is up 0.8% higher, indicating a positive opening for tech stocks in the U.S.