-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師總結如下：PKG公佈了2026年第一季業績，表現好壞參半。調整後每股收益為2.40美元，年增0.09美元，高於先前預期的2.20美元。淨銷售額成長11%至24億美元（低於預期4000萬美元），主要得益於對Greif的收購以及原有業務的銷售成長。包括Greif業務在內，瓦楞紙板日均總出貨量激增21.8%，原有業務儘管出貨日減少一天，但日均出貨量仍創下新高（同比增長2.8%）。我們認為，PKG的卓越營運和Greif整合進展良好，箱板紙庫存較上月下降3.9萬噸，工廠滿載運轉，生產效率高。管理層預計第二季調整後每股收益為2.33美元，反映出在五家工廠維護停產費用增加和運費上漲的情況下，仍保持謹慎樂觀的態度。我們預計持續強勁的包裝需求將支撐工廠滿載運轉，同時公司將專注於完成 Greif 的整合以及對收購的瓦楞紙板工廠的庫存優化。
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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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