-- 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：我們將目標股價上調19美元至114美元，市盈率為32倍，基於我們2026年的每股收益預期（3.55美元），與同行相近，但低於ENTG三年平均市盈率（約34倍），因為主流市場的疲軟和日益激烈的競爭抵消了人工智能帶來的增長潛力。我們將2026年的每股盈餘預期上調0.17美元至3.55美元，並將2027年的預期上調0.04美元至4.64美元。隨著ENTG 2026年新晶圓廠建設預測的改善（目前為接近兩位數，而上季度為中個位數），我們對該公司2027/2028年的預期持續上調，相關收入通常會落後9至18個月。儘管如此，短期業績仍容易受到主流業務（佔銷售額的30%）的影響，而主流業務預計將面臨記憶體短缺的挑戰。我們認為，與同業相比，ENTG在人工智慧領域的整體佈局相當有限（主要基於整體晶圓廠活動和新開工），因此，鑑於其近期的業績表現不佳，更高的估值難以令人信服。 2026年第一季度，中國銷售額年減4%（佔第一季總銷售額的18%），鑑於我們認為中國市場競爭將日益激烈，這仍然是一個風險。
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Research Alert: CFRA Maintains Buy Opinion On Shares Of Sba Communications Corporation
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Research Alert: CFRA Retains Hold View On Shares Of Regency Centers Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $2 to $83, 17.1x our 2026 FFO estimate, a premium to both the three-year average (15.6x) to reflect strength in grocery-anchored shopping centers. We increase our 2026 FFO view by $0.06 to $4.86 and increase 2027 by $0.05 to $4.99. REG continues to generate high re-leasing spreads with seasonally elevated occupancy. The current signed-not-occupied pipeline is a tailwind with $42 million of incremental rental growth as tenants move-in. Management believes it will have $1B in project starts over the next three years creating an internal growth story to monitor. Current development pipeline exceeds $600 million with blended returns over 9%. We view REG as fairly valued with lower multiple grocery anchored names providing similar growth with stronger geographic footprints, in our view.
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Research Alert: CFRA Maintains Sell Rating On Shares Of Entegris, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $19 to $114, 32x our 2026 EPS view ($3.55), near peers but below ENTG's three-year average multiple (~34x) as mainstream weakness and rising competition offset AI upside. We lift our 2026 EPS view by $0.17 to $3.55 and raise 2027's by $0.04 to $4.64. Our 2027/2028 view keeps creeping up for ENTG along with the company's improving new fab construction forecast for 2026 (now to high-single digits vs. a mid-single-digit view last quarter), with related revenues generally following on a nine to 18 month lag. Still, near-term results remain vulnerable to mainstream activity (30% of sales) that should face challenges from the memory shortage, and we view ENTG's overall AI exposure as fairly limited (based largely around overall fab activity and construction starts) compared to peers, making a more premium valuation harder to justify, especially given recent underperformance. China sales fell 4% Y/Y in Q1 2026 (18% of Q1 total) and remain a risk given our view of intensifying local competition.
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