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CIBC 提供其 2026 年第一季度汽车预览

-- 加拿大帝国商业银行资本市场发布了“2026年第一季度汽车行业展望”。 加拿大帝国商业银行（CIBC）指出：“自伊朗战争爆发以来，汽车类股一直波动不定，这自然而然地将市场的关注点重新转向了宏观风险。” CIBC表示：“尽管我们担心这种乐观情绪可能为时尚早，但股价已经开始反映出对这场冲突更为乐观的预期。” CIBC认为风险并不在于第一季度业绩，因为该行表示，第一季度业绩似乎并未受到战争的影响，而且应该能够反映出行业销售和生产情况，而这些情况的下降基本符合预期。 CIBC预计供应商不会在第一季度财报中调整业绩指引，但指出“战争持续的时间越长，风险就越大”。 CIBC表示：“我们仍然认为目前的估值并不高，但宏观事件可能会继续造成短期波动，我们也意识到风险上升会降低市场可见性。” CIBC补充道，伊朗战争的解决和美墨加协定（USMCA）谈判的进展是“该行业的关键催化剂”，将有助于市场重新关注积极的根本性发展。 CIBC的估值、评级和目标价如下：报告未作任何改动，并表示 Linamar (LNR.TO) 仍然是其“首选汽车股”。

Price: $23.28, Change: $+0.25, Percent Change: +1.09%

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