-- 独立研究机构CFRA向提供了以下研究报告。CFRA分析师总结如下：我们将BRO的12个月目标价从80美元下调至70美元，市盈率分别为16倍（基于我们2026年每股收益预期4.50美元）和15倍（基于我们2027年每股收益预期4.75美元，今日下调40.20倍），低于该股20倍的一年期平均远期市盈率，也低于同业平均远期市盈率16倍。BRO公布的第一季度每股收益为1.39美元（去年同期为1.29美元），高于我们1.37美元的预期和1.36美元的市场普遍预期。尽管营收增长35%至19亿美元主要得益于收购，其中4.35亿美元来自并购交易。有机营收同比持平于13.5亿美元，低于我们此前4%至8%的增长预期。同时，由于收购成本和利息支出翻番，第一季度息税前利润率从30.4%收窄至28.0%。鉴于有机增长率低于同行，且利润率收窄，我们认为该股近期缺乏上涨催化剂，这削弱了BRO此前享有的溢价估值的合理性。管理层还将业务环境描述为“充满挑战”，与上季度“稳定”的评估有所不同。我们维持“持有”评级。
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Sectors
Update: Gold Edges Higher, Remaining Rangebound, As Treasury Yields Rise
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Sectors
Sector Update: Energy Stocks Fall Friday Afternoon
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