-- 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：我們將BRO的12個月目標價從80美元下調至70美元，本益比分別為16倍（基於我們2026年每股收益預期4.50美元）和15倍（基於我們2027年每股收益預期4.75美元，今日下修40.20倍），低於我們2027年每股收益預期4.75美元，今日下修40.20倍），低於該期也低於該週期平均遠期。 BRO公佈的第一季每股收益為1.39美元（去年同期為1.29美元），高於我們1.37美元的預期和1.36美元的市場普遍預期。儘管營收成長35%至19億美元主要得益於收購，其中4.35億美元來自併購交易。有機營收年比持平於13.5億美元，低於我們先前4%至8%的成長預期。同時，由於收購成本和利息支出翻番，第一季息稅前利潤率從30.4%收窄至28.0%。鑑於有機成長率低於同行，且利潤率收窄，我們認為該股近期缺乏上漲催化劑，這削弱了BRO先前享有的溢價估值的合理性。管理層還將業務環境描述為“充滿挑戰”，與上季度“穩定”的評估有所不同。我們維持「持有」評等。
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