-- 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：我们将BEN股票（目前股息收益率为4.5%）的12个月目标价上调2美元至31美元，基于我们对2026财年（截至9月）调整后每股收益2.80美元（上调0.23美元）的11倍市盈率，以及对2027财年每股收益2.95美元（上调0.15美元）的10.5倍市盈率。我们的目标市盈率高于BEN过去一年的平均远期市盈率10倍，以及同业平均市盈率16倍。BEN公布的3月季度调整后每股收益为0.71美元，高于去年同期的0.47美元，高于市场普遍预期的0.55美元和我们此前预测的0.56美元。营业收入同比增长9%，超过我们此前5%-8%的增长预期，其中投资管理费增长9%。由于费用增长得到控制，营业利润率从6.9%提升至14.1%。我们目前预计2026年和2027年收入增长率为6%至10%。考虑到第一季度业绩的改善以及西部资产管理部门持续存在的法律问题，我们认为该股目前的估值相对于历史平均水平较为合理，值得持有。
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Research Alert: CFRA Keeps Buy Opinion On Shares Of Cincinnati Financial Corp.
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Research Alert: CFRA Maintains Hold Opinion On Shares Of Linde Plc
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