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Research
Research Alert: CFRA Maintains Hold Opinion On Shares Of Dominion Energy, Inc.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at $64, 17.8x our next-12-month EPS estimate of $3.61, above D's five-year average of 17.1x but below peers to reflect expectations for no near-term dividend growth and the weakest near-term and long-term EPS growth in our Multi-Utilities coverage. We trim our 2026 EPS view by $0.01 to $3.59 and initiate 2027 EPS at $3.81. We think D faces elevated execution risk from the CVOW project's reduced contingency buffer (now 6% of remaining costs). Project delays add further risk, estimated at an additional $150M-$200M in costs for each delayed quarter. The current $11.4B budget does not reflect the estimated $200M-$300M impact from revised Section 232 tariffs on steel, aluminum, and copper. While potential PJM network upgrade cost reassessments could provide an offset, the magnitude and timing are uncertain. We still see D as a key enabler of the AI boom given its location in the world's largest data center market. Contracted data center capacity is now 51.0 GW, up from 48.5 GW in Q4.
$D
Research
Research Alert: CFRA Keeps Hold Opinion On Shares Of Franklin Templeton
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by $2 to $31, valuing BEN shares (which currently yield 4.5%) at 11x our FY 26 (Sep.) adjusted EPS estimate of $2.80 (raised by $0.23) and at 10.5x our FY 27 EPS estimate of $2.95 (raised by $0.15). Our target multiple compares to BEN's one-year average forward multiple of 10x and a disparate peer average of 16x. BEN reported Mar-Q adjusted EPS of $0.71 vs. $0.47 a year ago, beating the consensus estimate of $0.55 and our forecast of $0.56. Operating revenues rose 9% Y/Y, exceeding our 5%-8% growth forecast, with investment management fees up 9%, while operating margins improved to 14.1% from 6.9% on contained expense growth. We now see revenue growth of 6% to 10% in 2026 and 2027. Weighing the improved Q1 results with the Western Asset Management unit's ongoing legal issues, we think the shares are fairy valued compared to historical averages, but worth holding.
$BEN
Equities
Big Oil Warns of Further Price Surge as Hormuz Disruption Drains Buffers
Exxon Mobil (XOM), Chevron (CVX) and ConocoPhillips (COP) have warned that global energy markets may face further price increases as supply buffers are rapidly being depleted amid the ongoing Strait of Hormuz disruption, Bloomberg reported on Friday.Executives said inventories, strategic reserves and floating storage have helped cushion prices so far, but those supplies are now running low, reducing the market's ability to absorb prolonged supply shocks.Chevron's CFO told Bloomberg that much of the spare capacity has already been used, leaving limited leeway if the disruption continues, while Exxon's CEO warned markets have yet to fully reflect the scale of the supply hit.With roughly a fifth of global oil and LNG flows typically passing through the strait, companies indicated that a prolonged closure could push crude prices significantly higher.
$COP$CVX$XOM