-- 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：我们将目标价从286加元上调至297加元。这一调整基于我们2027年EBITDA倍数（13.0倍，高于之前的12.5倍）和DCF目标价（296加元）的综合计算。我们将2026年每股收益预期从7.64美元下调至7.57美元，并维持2027年每股收益预期为9.00美元不变。由于对供应链和投入成本的担忧，我们将2027年EBITDA利润率预期从18%下调至17%左右。近期能源危机仍然对全球需求和制造业利润构成威胁。然而，部分所有权运营商的订单和全球飞行小时数表明，公务机行业目前正蓬勃发展。 2026财年自由现金流预期上调至10亿美元以上，积压订单达200亿美元，这巩固了其长期发展趋势，即使面临可能出现的短期投入成本上涨或供应链问题，也能保持增长。我们仍然认为庞巴迪是一家优质企业，在交易完成、交付增长、服务和国防业务增长以及资产负债表稳健等方面均表现出色。相对于同行而言，其股价至少目前处于合理水平。
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Research Alert: CFRA Maintains Buy Opinion On Shares Of Cms Energy Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our 12-month target by $1 to $87, 22.0x our next-12-month EPS estimate, above peers and CMS's three-year historical average of 18.4x. We trim both our 2026 and 2027 EPS views by $0.02 to $3.88 and $4.17, respectively. CMS posted Q1 adjusted EPS growth of 10.8%. CMS announced that two hyperscaler data centers had reached commercial agreement on contract terms and signed 110 MW of new load in Q1 alone (exceeding all of 2025's signings), with expected load coming online starting in 2028, all incremental to the current plan. Each 1 GW of new load provides $2B-$5B in capital investment opportunities while reducing average customer rate growth by ~2%. We think CMS offers competitive near-term EPS (~7.6% 2025-2028 CAGR) and dividend growth trajectories (~5.8%). In our view, Michigan is one of the most supportive regulatory districts in the country, with CMS's most recent electric rate case outcome highlighting regulatory willingness to support prudent investments through multiple recovery mechanisms.
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Market Chatter: SoftBank-Backed Opay Taps Citi, Deutsche, JPMorgan for US IPO
Opay Digital Services has hired Citigroup (C), Deutsche Bank (DB), and JPMorgan (JPM) as the Nigerian payments platform prepares for an initial public offering in the US, Bloomberg reported Friday, citing people familiar with the matter.The SoftBank-backed company is seeking a valuation of $4 billion in its debut and may sell the shares later this year, the people reportedly said.Citigroup declined to comment to. Deutsche and JPMorgan did not immediately respond, while Opay was unreachable.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $127.59, Change: $-0.39, Percent Change: -0.30%
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Life Time Set for Strong Q1 Comparable Club Growth, UBS Says
Life Time (LTH) is expected to post robust comparable club growth in Q1, with slightly better-than-expected revenue and EBITDA, as investors focus on concerns around member growth metrics per center and spending trends in a softer macro environment, UBS Securities said Friday.Ahead of the company's Q1 results on Tuesday, the investment firm said it sees upside to its Q1 EBITDA estimate of $215 million and expects comparable club revenue growth of about 7% to 7.5%.UBS said the key investor debate centers on whether the company can sustain growth in revenue per member and overall club economics amid pressure on consumer spending.The brokerage also noted that Life Time could continue repurchasing stock from sponsors, helping reduce overhang, while keeping leverage below its 2x target.UBS has a buy rating on the stock, with a price target of $43.Price: $26.68, Change: $-0.13, Percent Change: -0.50%
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