-- 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：我們將STLD的12個月目標價調高7美元至203美元，因為我們預期STLD的EV/EBITDA將達到我們2027年EBITDA預估值的8.5倍，高於STLD過去三年平均預期EV/EBITDA 8.1倍，也高於同業平均預期EV/EBITDA 7.66倍。我們將STLD 2026年每股盈餘（EPS）預期調高0.82美元至14.78美元，並將2027年每股盈餘預期調高1.12美元至16.73美元。 STLD第一季業績顯示，鋼鐵出貨量創下360萬噸的歷史新高，價格也有所改善。然而，鑑於估值方面的擔憂，我們下調了該股評級。目前，STLD的股價較同業溢價25%，且接近其三年預期EV/EBITDA區間（4.5倍-10.8倍）的峰值。儘管鋁業務的產能提升展現出強勁的長期成長前景，管理層也設定了鋁業務週期內EBITDA達到6.5億至7億美元的目標，但第一季6500萬美元的虧損凸顯了執行方面的風險。過去一個月，STLD股價上漲35%，目前接近52週高點。鑑於股價已基本反映了鋁業務的成長機會和鋼鐵業的良好基本面，我們認為其上漲空間有限。
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Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.
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