-- 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GL公司12个月的目标股价上调12美元至177美元，对应的市盈率分别为：2027年每股收益预期16.55美元（今日上调0.35美元）的10.7倍，以及2026年每股收益预期15.65美元（今日上调0.65美元）的11.3倍。我们的目标市盈率与GL公司过去五年的平均远期市盈率10.3倍以及同业平均市盈率11倍相比，均有所提高。GL公司第一季度每股收益为3.43美元，高于去年同期的3.07美元，高于我们此前3.35美元的预期。营收增长5.4%，与我们此前预测的3%至8%的增长相符。第一季度保费上涨6%，其中人寿保险保费上涨3%（符合我们3%至6%的增长预期），健康保险保费上涨13%（高于我们5%至9%的增长预期）。我们预计2026年保费将保持类似的增长趋势。此外，第一季度的新销售趋势也令人鼓舞，包括人寿保险销售额增长6%和健康保险销售额激增58%。我们认为，这一积极的销售势头将为公司股价提供催化剂，目前该公司股价低于同行，市盈率为9.8倍（基于我们2026年每股收益预期）。
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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