Arqaam Capital on Tuesday reduced its price target for airport ground-handling services company Saudi Ground Services (SASE:4031) to 47.50 Saudi riyals from 57 riyals, while maintaining its buy rating.
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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Wix's Q1 2026 results showed revenue growth but margin pressure from AI spending, with revenue rising 14% to $541M while non-GAAP net income declined 55% to $43M and operating margin compressed to 5% from 21% in Q1 2025. Operating expenses surged 46% due to elevated sales and marketing spending and AI infrastructure investments tied to Base44 integration and Harmony development. We believe Wix remains positioned to benefit from growth in AI-powered website development, particularly as Base44 expands the addressable market into broader no-code workflows. Management maintained 2026 guidance for mid-teens revenue and bookings growth, reflecting confidence in stronger monetization and Base44 momentum offsetting Partners business softness. In our view, sustained earnings expansion will depend on management's ability to improve operating leverage as AI initiatives scale, as profitability remains constrained by elevated customer acquisition spending and higher AI infrastructure costs.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Hydro One reported EPS of CAD0.65, up 8.3% from CAD0.60 in the prior year, with net income rising 9.2% to CAD391M. Total revenues increased 10.0% to CAD2,648M, while revenues net of purchased power grew 3.0% to CAD1,224M. The company secured three transmission line projects: Greenstone, Sudbury-to-Barrie, and Red Lake lines, all expected in-service in the early 2030s. COO Megan Telford was appointed as President and CEO effective June 2026. Transmission revenues advanced 4.4% to CAD664M on OEB-approved rates and higher peak demand, while distribution revenues climbed 11.9% to CAD1,970M. The company invested CAD715M in capital during the quarter, including CAD431M in transmission and CAD282M in distribution, with CAD484M in new assets placed in-service. OM&A costs declined 0.9% to CAD329M, demonstrating effective cost management. A quarterly dividend of CAD0.35 per share was declared, reflecting strong operational performance.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our 12-month target price of $61 (raised by $1) reflects a combination of relative valuation, DCF, and NAV models. On a relative basis, we apply a 4.5x multiple of EV to projected 2027 EBITDA, above MTDR's historical forward average, yielding a value of $55 per share. Our DCF model estimates intrinsic value at $65/share, while our NAV model yields $64/share. We lift our 2026 EPS estimate by $1.49 to $6.95, and 2027's by $0.06 to $6.02. MTDR should benefit in the near term from the sudden surge in crude oil prices, but probably by less than some of its Permian-focused peers. This is because MTDR is already hedged for 50% of its planned 2026 crude oil production with a ceiling price of $66 per barrel, considerably below WTI trading at $101/b recently. We note that MTDR is taking a more conservative stance for 2026, with a marked drop in capital spending, and its overall cash costs dropped in 2025, which we think can be repeated in 2026.