-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师的观点总结如下： BKR 2026年第一季度调整后每股收益为0.58美元，比市场普遍预期的0.51美元高出0.09美元。工业能源技术（IET）业务板块表现强劲，营收同比增长14%至33.5亿美元，而油田服务（OFSE）业务板块则下降7%至32.4亿美元。IET业务板块订单额飙升54%至49亿美元，连续第三个季度超过40亿美元，利润率提升310个基点至20.2%，这表明在天然气技术和气候解决方案部门强劲需求的推动下，BKR的工业能源技术业务实力雄厚。BKR签署了一项为期三年的阿根廷瓦卡穆埃尔塔（Vaca Muerta）非常规油田油井建设支持协议，该协议有望带来可观的增长潜力。整体订单出货比为1.2倍，表现健康，其中IET的订单出货比为1.5倍，领跑市场。剩余履约义务总额为361亿美元，其中IET的履约义务总额为330亿美元。我们认为，IET强劲的增长势头和17.4%的稳健OFSE利润率（尽管受到中东市场不利因素的影响，但仅下降40个基点）将使BKR在当前环境下继续保持优异表现。
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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.
$OTIS
Asia Markets
Saudi Shares Start Week Higher; US-Iran Peace Talks Canceled
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$^TASI$SASE:2380$SASE:4012
Research
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.
$URI