-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們12個月的目標價為128美元，上調11美元，該目標價綜合考慮了相對估值和現金流折現模型（DCF）分析。相對估值方面，我們對2027年預計EBITDA採用5.5倍的企業價值倍數，與COP的歷史平均值基本一致。這種方法得出每股價值100美元。同時，我們的DCF模型採用5%的中期自由現金流成長率、2.5%的終值，並以6.1%的加權平均資本成本（WACC）進行折現，得出每股內在價值156美元。我們將2026年每股盈餘（EPS）預期調高3.40美元至8.51美元，並將2027年每股盈餘預期調高0.14美元至7.31美元。短期內，原油價格上漲應會提振COP項目，但考慮到2026年油價可能飆升並拖累全球經濟，我們認為2027年風險更大。阿拉斯加的Willow計畫仍按計畫於2029年實現首次產油，或許正逢其時。
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US Markets
Roblox Growth to Moderate Near Term Due to Age-Check Rollout, UBS Says
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Research
Research Alert: CFRA Keeps Hold Opinion On Shares Of Public Storage
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $4 to $322 on a forward P/FFO of 19.2x our 2026 FFO estimate, a premium to self-storage peers at 16.7x and to PSA's three-year forward average P/FFO of 17.4x. We decrease our 2025 FFO view by $0.26 to $16.73 and decrease 2027 by $0.09 to $17.93. Q1's most positive news was a material reduction in customer churn that led to lower move-out activity, improving occupancy by 40 bps Y/Y. If this continues throughout FY 2026 we would have to increase our FFO outlook. However, weakness remains in the Sun Belt markets, with Atlanta, Phoenix, and parts of Florida facing headwinds from negative same-property revenue growth Y/Y. Los Angeles also remains a drag, with the state of emergency negatively impacting pricing and creating an 80 bps drag on same-store revenue growth this year. We expect PSA's top-line performance to weaken in Q2-Q3 this year with revenue headwinds before the outlook improves in Q4 heading into 2027.
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