-- 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：我們基於等權重綜合估值（2027年企業價值/息稅折舊攤銷前利潤55倍；2027年企業價值/銷售額6倍）將12個月目標價上調14美元至105美元。我們將2026年每股收益預期從0.79美元上調至0.80美元，並將2027年每股收益預期從1.27美元下調至1.19美元，這反映出儘管同店銷售勢頭強勁，但息稅折舊攤銷前利潤率的擴張幅度有限。我們維持「持有」評級，因為股價反映了CAVA巨大的成長潛力。該公司在地中海美食領域的領先地位以及美國市場的巨大空白支撐了較高的營收成長預期，鑑於其強勁的單位經濟效益，我們認為這些預期是合理的。然而，考慮到關稅和食品成本（尤其是橄欖油和蛋白質）持續上漲的不利影響，市場普遍預期的利潤率擴張似乎過於樂觀。儘管CAVA已展現出定價能力，但我們預期其餐廳層面的利潤率提升將比預期更緩慢。我們認為，股價已反映出其在門市數量成長和利潤率提升方面均能完美執行，因此容錯空間有限。
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
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