-- 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APTV的12个月目标价从110美元下调至80美元，基于2027年12.0倍的市盈率，该市盈率较APTV未来10年的预期市盈率23.6倍存在合理的折让。在调整了近期Versigent分拆的预期后，我们将2026年的调整后每股收益预期从8.60美元下调至6.25美元，并将2027年的调整后每股收益预期从9.30美元下调至6.65美元。我们维持对该股的“强烈买入”评级，因为分拆原电气分配系统（EDS）部门后，剩余的公司利润率更高。EDS的利润率远低于Aptiv的其他业务（2025年调整后营业利润率为7.6%，而合并后的公司为12.1%）。尽管APTV维持了此前的全年业绩指引，但鉴于其第一季度业绩远超预期，我们认为该指引将更为保守，该股仍是我们汽车零部件及设备子行业的首选股之一。我们依然看好APTV以往稳健的业绩指引、强劲的执行力、扎实的新业务储备以及积极的股票回购策略。
Related Articles
Commodities
US Natural Gas Update: Futures Slip as Softer Demand Pressures Market
US natural gas futures fell in midday trade on Tuesday, snapping a four-session winning streak as forecasts pointed to weaker domestic demand and milder near-term temperatures.Both the front-month Henry Hub contract and the continuous contract slipped 2.41% to $2.798 per million British thermal units.Demand is expected to ease by 4 billion cubic feet per day on Monday to 95.4 Bcf/d on Tuesday, driven by lower residential and commercial consumption as mild weather is forecast across most of the country outside the Northeast and Midwest, NRG said.Power sector gas demand, however, rose by about 2.3 Bcf/d to 32.4/Bcf/d, reflecting higher electricity use as temperatures rise.Aegis Hedging said residential gas demand is relatively small and stable in summer, typically running between 8-11 Bcf/d and averaging about 9.5 Bcf/d from May through September last year.By contrast, power demand is far greater and more volatile, averaging 41.1 Bcf/d last year with sharp weather-driven swings. As a result, electricity demand has become the dominant driver of gas market moves in warmer months.On the supply side, production has eased as producers scale back output amid low prices, Trading Economics said.Gelber and Associates said production stands at 110.0 Bcf/d and is expected to increase next week, while Canadian imports remain at 4.4 Bcf/d, well below late-April peaks, leaving supply conditions steadier than demand.Storage levels remain 7% above the historical average.LNG feedgas flows have also softened in recent days, with NRG estimates at 17.3 Bcf/d on Tuesday. Gelber and Associates said LNG feedgas is currently flowing at 17.8 Bcf/d, a two-week low and roughly 11% below the late-April high, as spring maintenance continues to limit exports.Aegis lists Cameron, Calcasieu Pass, and Corpus Christi LNG as current maintenance sites.
Research
Research Alert: CFRA Keeps Hold Rating On Shares Of Idexx Laboratories, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target to $612 from $620, based on 37.3x our 2027 EPS estimate, below IDXX's historical forward P/E averages. We slightly raise our 2026 EPS view to $14.70 from 14.67. We keep our 2027 view at $16.42. IDXX reported a solid Q1, exceeding expectations, with revenue of $1.141B (+11% Y/Y organic) due to strong performance in its Companion Animal Group Diagnostics recurring revenue. However, we see IDXX facing risks in the near term stemming from macroeconomic pressures on consumers that are causing a decline in discretionary wellness-related veterinary visits. This trend poses a financial risk, as IDXX full-year guidance assumes a 1.5% decline in U.S. clinical visits; thus, a further worsening of the economic environment could lead to steeper declines and challenge revenue targets. Additionally, IDXX flagged a minor supply chain disruption in the Middle East, which, while contained, underscores the potential for broader operational risks within global business activities.
$IDXX
Sectors
Sector Update: Energy
Energy stocks were higher Tuesday afternoon, with the NYSE Energy Sector Index rising 0.5% and the State Street Energy Select Sector SPDR ETF (XLE) up 0.3%.The Philadelphia Oil Service Sector Index was decreasing 0.4%, and the Dow Jones US Utilities Index was adding 0.8%.Front-month West Texas Intermediate crude oil was declining 4.3% to $101.80 a barrel, and the global benchmark Brent crude contract was dropping 3.9% to $110.03 a barrel. Henry Hub natural gas futures fell 2.5% to $2.80 per 1 million BTU.In corporate news, Marathon Petroleum (MPC) shares gained 1.9% after its Q1 adjusted earnings and revenue rose year on year and beat analysts' estimates.
$MPC