-- 獨立研究機構CFRA向發布了以下研究報告。 CFRA分析師的觀點摘要如下：我們將評級上調至「買入」（持有），並將目標價上調至16.00美元（6.50美元），估值指標從EV/EBITDA調整為市銷率（P/S）。我們採用3.25倍的市銷率，基於光網路同業五年平均水平，主要考慮因素包括光網路業務貢獻的提高、人工智慧和雲端需求的增強以及電信週期結束後更持久的成長前景。此次評級上調反映了盈利可見性的提升以及需求向人工智慧驅動型基礎設施的結構性轉變。儘管2026年第一季業績符合預期，但由於網路基礎設施成長預期上調、供應可見度提高以及訂單成長勢頭強勁，我們將2026年營收預期上調至215億歐元（211億歐元），2027年營收預期上調至233億歐元（226億歐元）。此外，此舉還考慮到了積壓訂單的提前轉換以及光網路業務執行力的提升。因此，基於營收結構的改善，我們將2026年每股收益預期上調至0.32歐元（0.31歐元），2027年每股收益預期上調至0.39歐元（0.37歐元），預計隨著規模效益的顯現，利潤率也將有所提升。
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Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.
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