-- 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：我们将康宁公司12个月目标股价上调67美元至190美元，相当于2026年每股收益预期值的60.7倍，较其三年历史平均市盈率22.5倍（此前为65.7倍）有显著溢价。鉴于人工智能需求可能带来的增长潜力，我们认为这一溢价是合理的，与竞争对手LITE的情况类似。我们将2026年每股收益预期上调0.02美元至3.13美元，并将2027年每股收益预期上调0.06美元至3.91美元。自推出Springboard计划以来，康宁公司实现了显著增长，包括销售额增长约40%和盈利增长近90%，以及营业利润率和投资回报率（ROIC）均提升至15%以上。光通信领域需求强劲，尤其是在人工智能驱动的数据中心扩张方面，康宁的新型光纤产品表现出色，超出市场预期。康宁认为，数据中心从铜缆向光纤的转换蕴藏着巨大的机遇，而且这一转换速度比最初预期的要快，这将进一步推动增长。
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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