-- 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：INGR第一季度业绩令人失望，调整后每股收益为2.34美元（同比下降21%），低于市场预期0.13美元；净销售额下降1%至17.92亿美元，与预期相符。调整后营业收入下降22%至2.12亿美元，其中美国/加拿大食品及工业配料业务表现尤为疲软，由于Argo工厂持续停工，营业收入暴跌63%至3400万美元。该公司下调了2026年业绩预期，目前预计调整后每股收益为10.45美元至11.15美元（此前预期为11.00美元至11.80美元），净销售额持平或略有增长。管理层表示，Argo设施在2025年热事件后的恢复时间比预期更长，预计将在2026年第二季度逐步改善，并计划在2026年下半年恢复正常运营。我们对这一结果感到失望，因为我们原本预期Argo设施的问题现在应该已经解决，不过我们预计随着下半年运营挑战的逐步缓解，情况会逐步改善。
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Cerence Files Patent Infringement Lawsuit Against Amazon
Cerence (CRNC) filed a lawsuit against Amazon.com (AMZN) in the US District Court for the Eastern District of Texas, alleging infringement of multiple patents related to automatic speech recognition and related technologies, according to a Monday court filing.The complaint claims a range of Amazon devices, including Echo smart speakers, Echo Show displays and Fire TV and Fire tablet products, infringe five Cerence patents. Cerence is seeking damages, enhanced damages for alleged willful infringement and other relief including an injunction.Amazon.com did not immediately respond to' request for a comment.Price: $10.07, Change: $-0.29, Percent Change: -2.80%
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Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Aptiv Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target to $80 from $110, based on a 2027 P/E of 12.0x, a justified discount to APTV's 10-year forward P/E multiple of 23.6x. After adjusting our estimates for the recent Versigent spin-off, we lower our adjusted EPS estimates to $6.25 from $8.60 for '26 and to $6.65 from $9.30 for '27. We are maintaining our Strong Buy opinion on the shares, as the remaining company is a higher-margin business following the spin-off of the former Electrical Distribution Systems (EDS) segment. EDS generated much lower margins than the rest of Aptiv (an adjusted operating margin of 7.6% vs. 12.1% for the consolidated company in 2025). While APTV maintained prior full-year guidance, we think the guidance will prove conservative after a much better-than-expected Q1, and the stock remains one of our top picks in the auto parts and equipment sub-industry. We continue to like APTV's history of conservative guidance, strong execution, solid new business backlog, and aggressive share repurchases.
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Mining & Metals
TSX Edges up 16 Points at Midday With Most Sectors Higher, Info Tech Falls
The Toronto Stock Exchange is up 15 points at midday with most sectors higher.The best performers are miners and healthcare, both up 2%, followed by energy, up 1.3%.Offsetting gains is info tech, which is down 3.9%. Shopify (SHOP.TO) which reported its first-quarter earnings this morning, is down 12.5% to $151.60, with 2.4 million shares being traded. The company's second-quarter profit outlook missed expectations as it projected operating expenses of between 35% and 36% of revenue.In other news, focus was on the release of Canadian trade data for March, which CIBC described as "surging and glittering". The bank noted a $1.8 billion goods trade surplus compared with a $5.1 billion deficit in the prior month and consensus expectations for a $2.5 billion shortfall. Total exports surged by 8.5%, driven almost exclusively by metals and energy. Excluding those two areas, exports were up by a much more modest 1.1%. Auto exports rebounded further from January's low (+4.5%) but remained roughly 20% down on a year-over-year basis. Adding in services trade, which was fairly balanced in March, Canada's total trade balance with the world moved from a deficit of $5.0 billion in February to a $1.7 billion surplus.CIBC said: "While a trade surplus in March was unexpected, it was mainly driven by price fluctuations rather than any signs that real economic activity was stronger than anticipated. Combined with signs last week that higher gasoline prices may already be having a negative impact on consumer spending, we continue to expect only modest GDP growth this year and little evidence that slack within the economy is being absorbed. That should see the Bank of Canada look through a near-term spike in headline inflation, keeping interest rates on hold this year."
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