-- 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CHTR未来12个月的目标股价下调5美元至160美元，并采用5.3倍的EV/EBITDA倍数对2026年的业绩进行估值。我们将2026年的每股收益预期下调1.96美元至41.25美元，并将2027年的每股收益预期上调1.00美元至50.19美元。CHTR报告称，其住宅业务收入下降，主要原因是视频收入减少以及流媒体应用成本分摊增加。即使剔除这些分摊成本，住宅业务板块的表现依然疲软，每客户关系收入几乎持平，表明其核心业务领域持续面临压力。该公司第一季度互联网用户净减少12万，反映出来自固定无线运营商的竞争加剧、移动网络替代率上升以及光纤覆盖范围扩大。这一趋势表明，CHTR的互联网用户基础正在萎缩。视频用户流失的趋势依然持续，尽管下降速度较前期有所放缓。然而，总体趋势依然是负面的，视频订阅用户数量持续下降。
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Petro Rabigh Emerges From Loss in Q1; Revenue Grows
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Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.
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