-- 独立研究机构CFRA向发布了以下研究报告。CFRA分析师的观点总结如下：我们将AMD的目标股价从400美元上调至500美元，基于2028年每股收益预期29.4倍的市盈率，高于同行水平但低于历史水平。我们将2026年每股收益预期从6.71美元上调至7.22美元，2027年从11.09美元上调至12.18美元，2028年从14.50美元上调至17.03美元。随着企业转向智能体人工智能工作负载，AMD的发展机遇日益增长，这令我们倍感鼓舞。智能体人工智能工作负载需要更多的CPU处理能力来进行编排和数据传输。鉴于此，AMD 将其长期服务器 CPU 市场预测值提高了一倍以上，目前预计到 2030 年，该市场规模将以每年超过 35% 的速度增长，达到 1200 亿美元以上，高于此前预测的每年 18% 至 600 亿美元的增长速度。此外，客户对即将推出的 MI450 系列 GPU 及其集成 Helios 平台的需求也超出了最初的预期，Meta 在第一季度达成的巨额交易为未来两到三年的发展前景提供了清晰的指引。我们认为 AMD 有很大的空间超越预期，并注意到其长期稳定的营收增长，这主要得益于其 CPU 和机架级解决方案在主要 AI 基础设施构建商中的广泛应用。
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Copper Lake Resources to Launch 20-For-1 Reverse Stock Split
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Sectors
US Total Crude Oil Stocks Fall in Week Ended May 1
US crude oil stocks, including those in the Strategic Petroleum Reserve, fell by 7.5 million barrels in the week ended May 1 following a decrease of 13.4 million barrels in the previous week.Excluding inventories in the SPR, commercial crude oil stocks decreased by 2.3 million barrels after a 6.2-million-barrel drop in the previous week, compared with the 3.4-million-barrel decrease expected in a survey compiled by Bloomberg as of 7:35 am ET.Stocks in the SPR declined by 5.2 million in the week after falling by 7.1 million in the previous week.Overall crude oil stocks were down 0.9% from the previous week but were still up 1.5% from a year earlier. Crude oil inventories are about 1% above the five-year average for this time of year.Gasoline stocks declined by 2.5 million barrels, compared with the 2.6-million-barrel decrease expected. Gasoline stocks edged lower by 1.1% from the previous week and 2.6% from a year earlier.Distillate stocks dropped by 1.3 million barrels in the current week, compared with an expected decrease of 2.3 million barrels. Distillate stocks were down 1.2% from the previous week and 4.1% lower than in the same week a year ago.Refineries operated at 90.1% of their capacity, up from 89.6% in the previous week.
Research
Research Alert: L: Q1 Revenue And Eps Miss, Though Results May Not Be Comparable To Consensus
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:L's Q1 revenue of CAD14.4B (+4% Y/Y) missed consensus by CAD90M, while adjusted EPS of CAD0.49 (+9% Y/Y) fell short of CAD0.52 estimates, though we think PC Financial's presentation in discontinued operations may affect comparability. Food retail same-store sales of 2.4% accelerated from Q4's 1.5%, with drug retail posting 4.1% growth. We view the solid same-store sales momentum as encouraging, particularly given internal food inflation remained well below the 4.4% CPI, indicating L's strong value proposition. Management reiterated 2026 guidance for high single-digit EPS growth and CAD2.4B in gross capex. Store expansion accelerated with 13 net openings, including five hard discount locations, aligning with consumer preference shifts toward value formats. Strong FCF of CAD621M (+189% Y/Y) supported aggressive share repurchases of CAD648M. We believe the pending PC Financial divestiture in Q3 2026 will simplify operations and provide additional capital flexibility for core retail growth.
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