-- 独立系調査会社CFRAは、に対し、以下の調査レポートを提供しました。CFRAのアナリストは、以下のように見解をまとめています。IRの第1四半期決算発表を受け、12ヶ月目標株価を100ドルから90ドルに下方修正します。これにより、株価は2027年のEPS予想3.93ドル（従来予想3.97ドルから下方修正、2026年のEPS予想は変更なし）の23倍となり、IRの長期的な過去平均株価倍率および同業他社の株価倍率に近い水準となります。IRの調整後EPSは0.77ドル（前年同期比7%増）と予想を上回りましたが、基礎的な業績を見ると、オーガニック売上高と受注の伸びは厳しい四半期となりました。総売上高は買収と為替変動の影響で8%増加しましたが、オーガニック売上高は0.3%減少し、同社の2つの事業セグメント間の乖離が顕著に表れています。精密・科学技術セグメントは、4%のオーガニック成長と利益率の拡大という好調な業績を上げた一方、より規模の大きい産業技術セグメントは、販売量と関税の逆風により、売上高が2%減少し、利益率が210bps低下しました。2026年の業績見通しは後半に重点が置かれており、実行リスクが伴うと見ています。これは、失敗の余地がほとんどないためです。今後の見通しとしては、より広範な景気回復が本格化すると予想される第3四半期がIRにとって重要な四半期となるでしょう。
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