-- 加拿大皇家銀行資本市場（RBC Capital Markets）週三發布的一份報告指出，格雷科（Graco，股票代碼：GGG）在投資者日上重申了其貫穿整個經濟週期的長期成長策略。報告稱，新的業務板塊結構和「一個格雷科」（One Graco）營運模式將支持未來的營收成長，並鞏固其作為低調的複合成長型企業的地位。 該公司重申了5%至7%的內生成長目標，並預計併購將貢獻3%至4%的成長。這意味著總營收複合年增長率將達到9%至10%。格雷科的目標是實現12%的獲利複合年增長率。 報告還指出，該公司將繼續透過核心產品擴張、利潤率提升和收購來實現成長。 此外，格雷科正在加速推動其併購策略，目標是未來三分之一的成長來自收購。該公司目前擁有超過100個經過篩選的目標。這些目標都經過嚴格的財務和策略標準篩選。格雷科還擁有淨現金資產負債表，這為其收購能力提供了支持。 加拿大皇家銀行（RBC）對該股的評級為“跑贏大盤”，目標價為95美元。 格雷科（Graco）股價週三上漲1.8%。
Price: $80.09, Change: $+1.41, Percent Change: +1.79%
Tenaris (TS) reported fiscal Q1 earnings late Wednesday of $1.07 per American depository share, up from $0.94 a year earlier.Analysts polled by FactSet expected $0.89.Net sales for the quarter ended March 31 rose to $3.10 billion from $2.92 billion a year earlier.Analysts surveyed by FactSet expected $2.99 billion.For Q2, the company said it expects sales will be affected by lower shipments in the Middle East.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AMH delivered Q4 2025 FFO of $0.47 per share, in line with consensus, while revenue of $455M missed estimates despite 4.2% growth driven by higher rental rates. Average occupancy declined 30 bps to 95.0% and blended lease rates of +2.8% decelerated from 3.6% in Q3, signaling weakening pricing power in a challenging rental market. Management significantly lowered 2026 core NOI growth guidance to just 1.0%-3.0%, down from beginning 2025 expectations, citing economic uncertainties. The trust maintains a strong balance sheet with $5.2B total debt, no maturities until 2028, and 8.5-year average maturity. AMH plans $500M-$600M in property acquisitions and $150M-$250M in development for 2026, while executing $115M in share repurchases. We view the disappointing guidance and slowing lease growth as signs of mounting operational headwinds, though the unencumbered balance sheet and disciplined capital allocation provide some stability in the near term.