-- 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TDG未来12个月的目标股价下调9美元至1061美元，相当于2027财年（9月）每股收益预期值的26.2倍，低于TDG过去三年的平均预期市盈率33.7倍。我们将2026财年的每股收益预期上调1.28美元至39.48美元，并维持2027财年40.49美元的预期不变。尽管第二季度业绩强劲（营收增长18%，并上调了2026财年的业绩指引），但我们认为仍面临多重不利因素。近期总额达32亿美元的收购将稀释利润率；我们预测2026财年的EBITDA利润率将下降150个基点。收购后净债务/EBITDA比率约为5.9倍，加剧了2027财年以后的再融资风险，而高额利息支出则限制了每股收益的增长。中东冲突为2026年下半年的商业售后市场增添了不确定性，并可能对飞行活动和零部件需求产生滞后影响。鉴于我们对增长放缓的预期，我们预计其市盈率将继续下降，此前远期市盈率已从2025年底的34.6倍降至约28.5倍。TransDigm公司依赖单一来源的高利润国防产品，因此特别容易受到美国国防部可能出台的针对价格的采购改革的影响。
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Update: WTI Falls Again on Hopes a Deal to End the Iran War is Near
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Update: Himax Shares Soar After Q1 Results, Q2 Guidance
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