-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：Rogers第一季業績強勁，總服務營收飆升10%至49.12億美元，遠超過先前3%-5%的預期。儘管由於MLSE業務的整合，調整後EBITDA利潤率下降220個基點至43.1%。調整後EBITDA成長5%至23.64億美元，無線業務營收維持穩定在20.31億美元，利潤率提升至65.1%，儘管面臨競爭壓力，行動ARPU值下降1.34美元至55.60美元。媒體業務的轉型驗證了Rogers的策略遠見，營收成長82%至9.88億美元，主要得益於MLSE業務的卓越表現，調整後EBITDA成長6,300萬美元，實現損益平衡。該公司更新了2026年業績指引，將資本支出從33億至35億美元下調至25億至27億美元，並將自由現金流指引上調至41億至43億美元。羅傑斯公司財務狀況得到改善，自由現金流增加32%至7.76億美元，債務槓桿率從4.0倍降至3.8倍，這為公司在充滿挑戰的監管環境下加速降低債務和持續創造股東價值奠定了良好基礎。
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Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.
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