-- 獨立研究機構CFRA向提供了以下研究報告。 CFRA分析師的觀點總結如下：我們12個月的目標價為71加元，上調5加元，該目標價綜合考慮了相對估值和現金流折現模型（DCF）分析。相對估值方面，我們採用12倍的企業價值倍數對2027年預計EBITDA進行估值，與TRP的歷史平均值一致。此方法得出每股價值為73加元。同時，我們的DCF模型假設未來10年自由現金流年增率為10%，之後為2.5%，並以5.7%的加權平均資本成本（WACC）進行折現，得出每股內在價值為69加元。我們將2026年每股盈餘（EPS）預期下調0.18加元至3.63加元，並將2027年每股盈餘預期下調0.12加元至3.78加元。我們認為TRP的專案儲備依然強勁，新專案投入營運方面也進展順利。儘管如此，我們認為其股價估值已經偏高，EBITDA較TRP歷史平均溢價15%，預期現金流量溢價29%。以目前的股價來看，我們認為股價很難出現超出預期的上漲空間。
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