-- 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：我們給出的12個月目標價為216美元，相當於我們2027年每股盈餘預期值的26.5倍，而RTX過去三年的平均預期本益比為21.3倍，同業的平均預期本益比為26.2倍。我們將RTX 2026年的每股盈餘預期上調0.03美元至7.18美元，並重申我們對2027年每股盈餘的預測為8.15美元。 RTX的評級上調反映了其業務組合基本面的增強。國防業務展現出強勁的成長勢頭，五項關鍵彈藥的里程碑式框架協議提供了前所未有的長期前景和需求訊號。創紀錄的2,710億美元積壓訂單（年增25%）和1.14的訂單出貨比凸顯了商業和國防終端市場的強勁需求。儘管地緣政治存在不確定性，但商用航空航太業的基本面依然穩健，這得益於售後市場14%的成長以及GTF引擎8,000台的積壓訂單。隨著粉末冶金危機最嚴重的時期過去，投資人的關注點應該轉向GTF和V2500引擎龐大裝置所帶來的強勁長期經濟效益。
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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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