-- 加拿大皇家銀行資本市場（RBC Capital Markets）在周五的一份報告中指出，在管理層就近期財報電話會議後有關壞帳的擔憂作出澄清後，Acadia Healthcare (ACHC) 的前景有所改善。 該券商在周五的報告中表示，財報發布後的大幅拋售是“過度反應”，管理層的後續評論消除了此前關於“普遍存在”的壞賬擔憂。報告補充說，該問題「並非普遍存在於各類支付方或地區，而是局限於少數地區和特定支付方」。 RBC 也指出，佛羅裡達州的補充支付可能帶來潛在利好，但這些款項尚未納入業績指引。 該券商表示，鑑於管理層專注於營運紀律，並投入更多資源解決拒付和壞帳問題，他們對 ACHC 的市場定位「更有信心」。 RBC 將 ACHC 的目標價從 28 美元上調至 31 美元，並維持「跑贏大盤」評級。 Acadia 的股價在周一的交易中上漲了近 2%。
Price: $28.39, Change: $+0.54, Percent Change: +1.94%
Tech stocks were mixed late Monday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) decreasing 0.4%.The Philadelphia Semiconductor index decreased 0.5%.In corporate news, Apple (AAPL) is planning to introduce a new feature for its next iPhone software update that will allow users to develop and personalize their own digital tickets and gift cards in the Wallet app, Bloomberg reported. The pass-building feature for iOS 27 Wallet is expected to address the issue of many services still not offering passes compatible with the Wallet platform, the report said. Apple shares were down 1.1%.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target price by $5 to $22, applying an EV/revenue multiple of 2.0x to our 2026 estimate, a discount to its three-year historical average multiple of 2.5x. We trim our 2026 EPS estimate by $0.01 to $3.09 and raise 2027's by $0.14 to $3.45. There was mention of a softer auto sales environment, which created headwinds for trial starts and impacted subscriber acquisition, particularly following last year's tariff-driven pull forward in vehicle sales. Conversion rates for self-pay subscribers saw slight declines, especially as younger car purchasers entered the trial funnel, and used car conversion rates remained lower than new car rates. Subscriber trends are expected to be modestly lower Y/Y, with management cautioning about ongoing pressures and declining to change subscriber guidance for the year due to uncertainties in auto sales and companion subscription take rates.
The US Treasury said Monday that it expects to borrow $189 billion in Q2, a larger borrowing estimate than the $109 billion it announced in its previous statement.The reason for the increase in the borrowing estimate was lower projected net cash flows that were partially offset by a higher-than-expected cash balance at the start of the quarter. The Treasury still assumes a $900 billion end-of-quarter balance.Borrowing is seen at $671 billion in Q3, with an estimated cash balance of $950 billion at the end of September.The Treasury borrowed $577 billion in Q1, ending March with an $893 billion cash balance at the end of the quarter. The Treasury had previously expected to borrow $574 billion with an end-of-March cash balance of $850 billion.The slightly higher amount of Q1 borrowing was due to a higher-than-assumed end-of-quarter cash balance that were partially offset by higher net cash flows, the Treasury said.