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Research Alert: CFRA Lowers View On Shares Of American Electric Power Company To Hold From Buy
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target by $2 to $145, valuing shares of AEP at a forward P/E of 22.6x our next-12-month EPS view, a premium to its three-year forward average of 16.8x. We lift our 2026 EPS view by $0.04 to $6.37 and 2027 by $0.03 to $6.88. AEP reported 63 GW of incremental contracted load by 2030 (up from 56 GW last quarter), with 41 GW in Texas alone backed by signed letters of agreement with hyperscalers. An additional 190 GW in the active development queue positions AEP among the fastest-growing regulated utilities. However, we believe growth is largely priced in and we see little upside as shares are up ~28% over the past year. Our downgrade to Hold reflects our view of lagging earnings growth compared to peers trading at similar valuation premiums over historical levels. We forecast an 8.2% EPS CAGR from 2025-2028 vs. the peer average of 8.8%. AEP currently trades ~26% above its three-year average P/E, with peers trading at similar premiums (+20%) expecting an average EPS CAGR of 11.7%.
$AEP
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Research Alert: CFRA Maintains A Hold Rating On Match Group, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are raising our target price to $43 from $36, based on an improved multiple of 14x our 2027 EPS estimate, reflecting our improved outlook as the company continues to execute its "Reset, Revitalize, Resurgence" strategy. We are increasing our 2026 and 2027 EPS estimates to $2.73 and $3.12, from $2.64 and $3.00, led by better-than-expected margin expansion from 1MG efficiency initiatives and accelerating Hinge monetization. We expect MTCH to benefit from the centralization of performance marketing across $600M in digital spend, continued premium feature adoption, and international expansion toward 40% of revenue by 2027. However, we remain cautious given Tinder's persistent revenue headwinds, Azar monetization pressure, and the structural challenge of reversing dating app fatigue. This growth-margin tradeoff, combined with the need for both Hinge geographic expansion and Tinder stabilization to deliver simultaneously, supports our maintenance of the Hold rating.
$MTCH
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Topaz Energy Maintained at Buy at TPH Following Q1 Results; Price Target at C$32.00
Tudor, Pickering, Holt on Wednesday maintained its buy rating on the shares of Topaz Energy (TPZ.TO) with a C$32.00 price target after the oil and gas processing and royalty company reported first-quarter results."On Q1'26 financials, C$0.52 CFPS headlined results, better vs. TPHe/Street C$0.48/C$0.51. Compared to our model, better-than-expected liquids production drove higher royalty revenue, and cash taxes were lower than forecasted, partially offset by a wider hedging loss, while infrastructure revenue remained relatively in-line (C$23.4MM vs. TPHe C$23.9MM). Capex of C$1.5MM (ex-acquisitions vs. TPHe/Street C$1.5MM/C$1.3MM) and the production/revenue beat solidified stronger-than-expected FCF vs. consensus (C$78.7MM vs. TPHe/Street C$73.0MM/C$75.3MM). On volumes, Q1'26 royalty production of 24.6mboepd was ahead of TPHe/Street 24.1/23.8 and exceeded the high end of the FY'26 guidance range, with liquids of 7.0mbopd in-line with Street but ahead of TPHe 6.7. Drilling was diversified across 138 gross wells (48 Clearwater, 31 NEBC & AB Montney, 23 Deep Basin, 8 Peace River, 11 SE Sask, 13 Central AB incl. 9 Belly River oil-focused), with 55% directed into oil-focused plays, 131 wells brought on production, and 86 DUCs at quarter-end. On 2026 guidance, the range on royalty production was reaffirmed at 23.5-23.9mboepd, though with production now expected at the high end, driven by oil-focused activity and Clearwater waterflood implementations by key operators," analyst Jeoffrey Lambujon wrote.(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: $31.65, Change: $-0.14, Percent Change: -0.44%
$TPZ.TO