-- 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12个月目标价上调158美元至773美元，相当于我们未来12个月每股收益（EPS）预期值14.70美元的52.6倍。同时，我们将2026年EPS预期值上调0.93美元至14.31美元，2027年EPS预期值上调1.18美元至16.74美元。我们之所以将评级下调至“持有”，部分原因是我们认为，在第一季度业绩公布后股价飙升15.8%之后，目前的估值水平难以支撑其足够的上涨空间。我们更新后的773美元目标价的估值等式两边均远高于我们之前615美元目标价的估值等式两边，后者是基于13.38美元的EPS和46.0倍市盈率计算得出的。即使将市盈率上调14.3%，EPS上调9.9%，我们认为在当前价位下也只有约4%的上涨空间。尽管PWR的基本面依然强劲，订单积压量创历史新高，执行力也十分出色，但其风险/回报状况已转为中性。这主要是由于市场对数据中心项目延期/取消的担忧日益加剧（行业估计，2026年30%-50%的项目面临风险）、固定价格合同成本超支的风险不断增加，以及向客户追讨有争议的变更订单变得越来越困难。
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Research Alert: CFRA Maintains Hold Rating On Fair Isaac Corporation
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$FICO
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Research Alert: CFRA Keeps Buy Opinion On Shares Of Cincinnati Financial Corp.
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 by $7 to $185, valuing CINF shares (currently yielding 2%) at 20x our 2027 operating EPS estimate of $9.15 (raised by $0.10) and at 21.5x our 2026 EPS estimate of $8.60 (raised by $0.10), versus its five-year average forward multiple of 21x and peer average. CINF posted Q1 operating EPS of $2.10 versus a $0.24 operating loss per share a year ago, matching our estimate and topping the $1.94 consensus view, amid 12% higher operating revenues due to 11% premium growth and 14% higher net investment income, with written premium growth of 7% likely at the upper end of peer averages. We believe CINF's competitive strengths include its facile underwriting style and ability to allocate underwriting capital to areas with the most promising fundamentals, positioning it well despite increasingly competitive market conditions. CINF's ability to consistently produce above-peer growth and underwriting profitability will support the shares' premium valuation versus peers, in our view.
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Research Alert: CFRA Maintains Hold Opinion On Shares Of Linde Plc
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $48 to $537, using a P/E of 27.1x, equal to LIN's average forward P/E over the last three years. We raise our 2026 EPS estimate by $0.05 to $18.03 and 2027 by $0.26 to $19.81. LIN reported Q1 adj. EPS of $4.33, beating consensus by $0.06, with 30% operating margins and 24% ROC demonstrating the resilience of its business model. Management raised the low end of full-year guidance to $17.60-$17.90 (7%-9% growth), citing confidence despite geopolitical headwinds. The $7.1B project backlog should reach $8B+ by year-end, driven by Electronics projects supporting AI chip manufacturing. Americas volumes grew 2% Y/Y with double-digit hardgoods growth, though EMEA remains challenged by weak industrial activity. Commercial space is emerging as a significant growth driver, with aerospace sales up double-digits. Helium supply tightness presents upside opportunity beyond guidance. We think shares are fully valued at 25.6x our 2027 EPS estimate, limiting upside potential in the near term.
$LIN