-- 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。12ヶ月目標株価を30ドル引き下げ、400ドルとします。これは、2027年のEPS予想PERが14.2倍（同業他社平均12.1倍）となることを前提としています。2026年のEPS予想は0.55ドル引き下げ、23.22ドルとします。2027年のEPS予想は28.20ドルで据え置き、売上高予想はそれぞれ206.5億ドル（前年同期比22%増）と235億ドル（前年同期比14%増）としています。第1四半期は堅実な業績が特徴で、210億ドルの新規資産を創出し、採用パイプラインを過去最高水準にまで拡大し、規律ある経費管理を実現しました。 LPLAの主要イニシアチブは順調に進んでいると当社は考えています。これには、コモンウェルス統合（2026年第4四半期に予定通り）や、アドバイザーの生産性向上を目的とした戦略的なAI投資などが含まれます。同社の効率性重視の姿勢は、2026年の業績見通しの更新にも反映されており、コアG&Aガイダンスの上限を2,000万ドル引き下げ、21億9,000万ドルとしています。経営陣は、AIがキャッシュスイープの経済性を混乱させるという投機的なリスクを認めていますが、当社は、自社株買いプログラムの早期再開を、業績見通しに対する強い自信と、株価が過小評価されているという確信の表れと見ています。
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Oil & Energy
EMEA Natural Gas Update: Futures Rise Nearly 2% With Markets Skeptical of Trump's Plan
European natural gas futures were up on Monday, despite US President Donald Trump's recent plans to escort ships through the Strait of Hormuz.The front-month Dutch TTF contract was up 1.69% to 46.54 euros ($54.49) per megawatt-hour, while the UK NBP contract was closed due to the Early May Bank Holiday.In a Truth Social post on Saturday, Trump said that US forces would use their "best efforts" to get the ships and crew stranded in the Persian Gulf safely out of the Strait. Referring to it as "Project Freedom," Trump said that this would begin on Monday morning.Yet, European natural gas prices continued to rally, as ING analysts noted that the "market does not seem convinced by the plan," especially since it does little to enable inbound traffic. This would only amount to "temporary relief" the note said, allowing floating storage to leave the Gulf.Meanwhile, Iran has received a response to its latest proposal from the US, with Tehran's 14-point peace plan calling for an end to the hostilities between the two nations within the next 30 days, according to the Tasnim News Agency. The US, however, is yet to officially confirm that it has responded to the proposal.Additionally, supply concerns in global gas markets have also been subdued due to "the current shoulder season," according to Daniel Hynes, a senior commodity strategist at ANZ. He also noted that this lull is giving markets a bit of breathing room to properly assess the impact of ongoing disruptions.The Strait of Hormuz, which accounts for one-fifth of global LNG flows, remained effectively closed for the tenth week running, with just 12 vessels transiting over the past 24 hours, according to the Hormuz Strait Monitor.At the same time, European gas inventories are still depleted going into refilling season, at just 33.42% of capacity, compared to 40.29% during this period last year, according to Gas Infrastructure Europe.
Sectors
Sector Update: Health Care
Health care stocks were flat to lower premarket Monday, with the iShares Biotechnology ETF (IBB) inactive and the State Street Health Care Select Sector SPDR ETF (XLV) down 0.5%.Indivior Pharmaceuticals (INDV) shares were up more than 3% after the company said it has entered into a $175 million accelerated share repurchase agreement with Barclays Bank, to be executed under the company's existing $400 million buyback program.
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Mining & Metals
Errington Metals Further Defines Errington Zone at Sudbury Project With 2025 Drilling
Errington Metals (EM.V) has better defined the size and shape of the Errington mineralized zone, which is part of its Sudbury Basin Project in Ontario, the company said on Monday.The Errington zone remains open along strike and at depth (down-dip) with priority areas identified for follow-up exploration drilling. Multiple holes also intersected copper- and gold-rich stringer mineralization, and elevated copper values within zinc-rich massive sulphide intervals, a statement added.Key intercepts from the 2025 diamond drilling program include 23.8 m grading 3.98% copper, 5.76% zinc, 2.61 grams per tonne (g/t) gold and and 130.2 g/t silver.Errington said the results improve confidence in the continuity of mineralization and will feed into 3D geological modelling and an updated mineral resource estimate targeted for the second half of this year.Errington shares closed down $0.04, to $2.96, on Friday on the TSX Venture Exchange.
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