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Price: $203.34, Change: $-14.16, Percent Change: -6.51%
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CN Rail Kept Outperformer Rating, Price Target Raised To C$164 From $153 at CIBC With Q1 "Setting A Solid Foundation For When Volumes Recover
Price: $152.44, Change: $+4.53, Percent Change: +3.06%
$CNR.TO
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Research Alert: CFRA Keeps Hold Rating On Shares Of Invitation Homes Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target by $1 to $30, using a forward P/FFO of 15.2x compared to five-year historic average near 20.0x given the overhang on potential federal legislation that may curtail the single-family residential market. We raise our FFO estimate for 2026 by $0.03 to $1.93 and increase 2027 estimate by $0.05 to $2.00 on projected revenue of $2.84B and $2.85B, respectively. We like that the shares offer a 4.3% dividend yield. We think INVH has ample liquidity to meet its debt obligations, working capital, construction expenditures, and development pipeline. Washington Analysis (WA), a CFRA business, puts the odd of single-family-homes-for-rent (SFHR) at 20% odds or lower, given the White House has not been actively involved in engagement. Furthermore, WA puts the odds at 45% the build-to-rent disposal language is materially softened or eliminated in a revised bill that passes both chambers in Congress. WA sees 35% odds the bills falls apart for the year. Thus, 20% the bill moves along with bipartisan support.
$INVH
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Research Alert: CFRA Maintains Buy Rating On Shares Of Kla Corporation
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target by $240 to $2,094, 41.5x our FY 27 (Jun.) EPS view, near peers but above KLAC's three-year average (~25x) on significant AI momentum and improved visibility. We raise our FY 26 EPS view by $0.85 to $36.96, lift FY 27's by $4.10 to $50.45, and lift FY 28's by $3.20 to $60.95. Improving customer support and visibility surprisingly allowed KLAC to comment on CY 27 growth, and its view was impressive and well above consensus for both CY 26 and CY 27 (we see +22% vs a going-in Street view of +15%). Importantly, the company also feels "very good" about its ability to procure memory supply to support builds through CY 27, by when we think new supply will help ease constraints. High memory prices also reflect AI-related demand that is driving memory makers to purchase more process control equipment, and we estimate memory customers will contribute a majority of Semi Process Control segment sales in FY 27 (vs. ~30% in FY 26), bringing supportive revenue diversification at the leading edge.
$KLAC