-- 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：我們維持對百事可樂(PEP)的12個月目標價為185美元，基於2027年20.1倍的市盈率，該市盈率較百事可樂五年平均預期市盈率22.4倍存在合理的折讓。我們維持對百事可樂2026年和2027年調整後每股盈餘(EPS)的預期分別為8.65美元和9.20美元。鑑於百事可樂第一季獲利超出預期，並重申了其2026年每股收益預期，我們維持「買入」評級。儘管基本面需求仍充滿挑戰，但我們認為食品銷售成長(+4%)是重要的利多因素，這主要得益於歐洲、中東和非洲地區(EMEA) (+9%)和亞太地區(+9%)的成長。我們認為，百事可樂目前面臨的挑戰已被充分消化。值得注意的是，該股在2023年至2025年連續三年下跌，這凸顯了其強勁的獲利記錄以及管理層一貫保守的業績指引。我們認為，百事可樂是一隻被低估的藍籌股，身處在一個不受市場青睞的產業，目前股價極具投資價值。此外，我們認為，激進股東Elliott Management施加的壓力可能會促使百事可樂更加重視營運。
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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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