-- 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IFC的評級從“持有”上調至“買入”，並將目標價從288加元上調至299加元。這項調整是基於我們對IFC 2027年調整後每股盈餘（AEPS）21.34加元的14倍本益比。我們將2026年AEPS預期從20.12加幣下調至19.90加幣。在當前股市和原油價格均處於高位的市場環境下，IFC在加拿大市場排名第一的地位以及持續低於90%的綜合成本率使其更具吸引力。儘管汽油價格飆升引發了人們對保費可負擔性的擔憂，但財產險的低彈性使其成為一個避險資產，我們認為配置該類資產是明智之舉。由於該保險業務在過去一年股價表現為 -15%，因此，我們認為第一季 NOIPS 和 BVPS 成長 8%-13%，綜合比率保持在 92% 以下，這些都是正面的訊號。
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Copper Lake Resources to Launch 20-For-1 Reverse Stock Split
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US Total Crude Oil Stocks Fall in Week Ended May 1
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Research
Research Alert: L: Q1 Revenue And Eps Miss, Though Results May Not Be Comparable To Consensus
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:L's Q1 revenue of CAD14.4B (+4% Y/Y) missed consensus by CAD90M, while adjusted EPS of CAD0.49 (+9% Y/Y) fell short of CAD0.52 estimates, though we think PC Financial's presentation in discontinued operations may affect comparability. Food retail same-store sales of 2.4% accelerated from Q4's 1.5%, with drug retail posting 4.1% growth. We view the solid same-store sales momentum as encouraging, particularly given internal food inflation remained well below the 4.4% CPI, indicating L's strong value proposition. Management reiterated 2026 guidance for high single-digit EPS growth and CAD2.4B in gross capex. Store expansion accelerated with 13 net openings, including five hard discount locations, aligning with consumer preference shifts toward value formats. Strong FCF of CAD621M (+189% Y/Y) supported aggressive share repurchases of CAD648M. We believe the pending PC Financial divestiture in Q3 2026 will simplify operations and provide additional capital flexibility for core retail growth.
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