-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點摘要如下：我們維持對WSP的「買進」（4顆星）評級，因為其目前的交易價格是基於預期收益和EBITDA均處於歷史折價水準。我們將目標價從283加幣下調至271加幣。我們對WSP的估值平均基於2027年EBITDA預期的13倍和2027年每股收益預期的22倍。我們將2026年調整後每股盈餘預期上調至11.31加幣（調高0.20加幣），並將2027年調整後每股盈餘預期上調至12.02加幣（調高0.21加幣）。這兩個倍數目前都低於同業平均的下限2.2-2.8個標準差。我們認為，對於一家EBITDA利潤率持續成長且非內生性擴張不斷擴大的公司而言，目前的估值是一個買入良機。此外，美國電力和能源部門對公司業務方向的影響日益增強，占美國收入的約 30%，這令我們倍感鼓舞。
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Research Alert: CFRA Maintains Hold Opinion On Shares Of Valvoline Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our 12-month target of $38, based on a P/E of 17.3x our FY 27 (Sep.) EPS estimate, a justified discount to the stock's 10-year average forward P/E of 19.2x. Following VVV's earnings release, we are maintaining our estimates and our Hold opinion on the shares. Our adjusted EPS estimates remain $1.80 for FY 26 and $2.20 for FY 27. VVV posted Q2 FY 26 (Mar.) adjusted EPS of $0.41 vs. $0.34 (+21%), well ahead of the $0.34 consensus. Revenue rose 25% to $504M ($9M above consensus), and adjusted EBITDA margin expanded 60 bps to 26.5% (160 bps ahead of consensus). VVV's top-line growth should accelerate to 21% in FY 26 (vs. 6% in FY 25), driven by 162 net new stores added through its acquisition of Breeze AutoCare on December 1, 2025 (for $593M) plus SSS growth of approximately 6%. SSS growth is benefiting from a record-high average U.S. vehicle fleet, which is increasing maintenance frequency. Still, we view the stock's valuation as fair, preferring other names in the auto retail space.
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CoreWeave Experiencing Growth-Related Short-Term Revenue Fluctuations, Oppenheimer Says
CoreWeave's (CRWV) Q2 revenue guidance was below consensus, which could signal a slowdown in capacity or supply chain-related deployment, but revenue can fluctuate at this stage of growth as large capacity additions tend to be lumpy, Oppenheimer said Friday in a note.The firm noted management guided Q2 revenue and operating income to $2.53 billion and $60 million, respectively, versus consensus estimates of $2.69 billion and $159 million. Calendar year 2026 revenue and operating income guidance were unchanged at $12 billion to $13 billion and $1 billion, respectively.Oppenheimer expects the current industry shortage to persist for the next 5 to 7 years, until global capacity reaches about 200 gigawatts. It now expects CoreWeave to attain at least 8GW of active power by then, up from 6GW, while maintaining a balanced mix of AI training and inferencing workloads, according to the note.The company's recent deal announcement with Anthropic, and expansion with Meta Platforms (META) and Jane Street, shows there is sufficient demand from both AI training and inferencing, the brokerage said.Oppenheimer kept an outperform rating on CoreWeave with a price target of $150.Shares of CoreWeave were down more than 13% in Friday trading.Price: $110.96, Change: $-17.88, Percent Change: -13.88%
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