-- 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：鑑於第一季強勁的業績，並考慮到經濟的不確定性，我們將12個月目標價下調15美元至120美元，並採用27.0倍的預期市盈率（基於我們對2027年每股收益的預期），高於納斯達克五年平均預期市盈率23.5倍，這主要得益於其在金融指數犯罪領域的強勁增長。我們將2026年每股盈餘預期調高0.03美元至3.98美元，並將2027年每股盈餘預期調高0.18美元至4.44美元。納斯達克目前發展勢頭強勁，人工智慧並未對其強大的競爭優勢構成任何威脅。事實上，其業績正在加速成長。該公司第一季實現了自2021年以來最強勁的內生成長，淨收入、解決方案收入和營業利潤均實現成長。金融科技領域的營收創歷史新高尤其令人鼓舞，因為我們一直認為，納斯達克憑藉著Verafin及其業界領先的反金融犯罪解決方案，擁有競爭優勢。 Verafin的發展動能強勁，第一季新增58家中小型銀行客戶，較去年同期成長24%，預示未來前景光明。
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Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.
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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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