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加拿大帝國商業銀行 (CIBC) 確認對 Stella-Jones 的「中性」評級，並將目標價下調至 87 美元，理由是該公司第一季業績不佳。

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-- 加拿大帝國商業銀行資本市場（CIBC Capital Markets）維持對Stella-Jones（SJ.TO）股票的「中性」評級，並將目標價從96.00加元下調至87.00加元。下調的原因包括略微下調預期，以及由於對中長期鐵路枕木需求的擔憂加劇，該行將Stella-Jones的EV/EBITDA估值倍數下調了0.5倍。此前，Stella-Jones於週三公佈了第一季業績。 該行補充道，Stella-Jones計劃於2025年春季進軍鋼結構公用事業領域，目前進展順利。該公司致力於成為公用事業和鐵路行業的多材料供應商，這一願景為其提供了額外的成長動力。 分析師Hamir Patel表示：「儘管如此，六個月前，由於擔心SJ核心市場的競爭加劇，以及木桿價格上漲（自2021年以來，SJ的價格/結構已上漲55%），再加上一級鐵路公司持續推進鐵路行業併購和枕木資本支出緊縮，我們已暫停對該股的持有。」 加拿大帝國商業銀行（CIBC）將第二季息稅折舊攤銷前利潤（EBITDA）預期下調300萬美元至1.91億美元，主要原因是電線桿價格預期略有下調，以及住宅木材和工業產品業務的預期更為謹慎。該公司目前預計2026年EBITDA將與上年持平，為6.23億美元，2027年EBITDA將成長4%，達到6.47億美元。 （報道北美、亞洲和歐洲主要銀行及研究機構的股票、商品和經濟研究。研究機構可透過以下連結聯絡我們：https://www..com/contact-us）

Price: $76.10, Change: $-0.91, Percent Change: -1.18%

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