-- 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SNA的12个月目标价从330美元下调至325美元，原因是我们根据第一季度财报调整了预期。我们更新后的目标价相当于2027年每股收益预期21.12美元的15.5倍（此前预期为21.28美元；2026年每股收益预期从19.91美元下调至19.63美元），与SNA的长期历史平均市盈率一致，但低于工业机械行业的同行。在SNA公布第一季度财报后，我们维持“强烈卖出”评级不变。尽管我们认为，如果基本盈利能力没有改善，SNA第一季度的利润率收缩不会构成生存威胁，但其盈利增长将受到很大限制。关税和原材料成本上涨在第一季度侵蚀了SNA的利润，但有机销售增长更为积极。 OEM 经销商需求的逆风促使我们修改了 2026 年和 2027 年的每股收益增长假设，我们认为，维修系统对有机销售扩张的贡献将会减少。
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