-- TD証券は水曜日、iA Financial Corp. Inc.（IAG.TO）の投資判断を「買い」から「中立」に引き下げた。 アナリストのマリオ・メンドンカ氏は、火曜日に発表されたカナダの保険・資産運用会社であるIAGの第1四半期決算を受け、同社の目標株価を193ドルから190ドルに引き下げた。 「コアEPSは予想を下回った。これは、経験損失と若干増加した株式数によるものだ」とメンドンカ氏は顧客向けレポートで述べた。 「資産運用事業の勢い（収益／資金流入およびRF買収）は依然として強い一方、米国事業の業績は低調だった（経験損失が予想以上に高かった）」と同氏は述べた。「ROEと資本の柔軟性は依然として堅調だ」 「今四半期は好調だった（配当を11%増額）が、IAGは2025年第4四半期の業績が非常に低調だったため、予想を大きく上回ると予想していた」とメンドンカ氏は述べた。 「現時点では、大型保険会社の方が上昇余地が大きいと考えている」 （は、北米、アジア、ヨーロッパの主要銀行および調査会社による株式、商品、経済に関する調査レポートを配信しています。調査レポート提供者の方は、こちらからお問い合わせください：https://www..com/contact-us）
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Copper Lake Resources to Launch 20-For-1 Reverse Stock Split
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US Total Crude Oil Stocks Fall in Week Ended May 1
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Research
Research Alert: L: Q1 Revenue And Eps Miss, Though Results May Not Be Comparable To Consensus
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:L's Q1 revenue of CAD14.4B (+4% Y/Y) missed consensus by CAD90M, while adjusted EPS of CAD0.49 (+9% Y/Y) fell short of CAD0.52 estimates, though we think PC Financial's presentation in discontinued operations may affect comparability. Food retail same-store sales of 2.4% accelerated from Q4's 1.5%, with drug retail posting 4.1% growth. We view the solid same-store sales momentum as encouraging, particularly given internal food inflation remained well below the 4.4% CPI, indicating L's strong value proposition. Management reiterated 2026 guidance for high single-digit EPS growth and CAD2.4B in gross capex. Store expansion accelerated with 13 net openings, including five hard discount locations, aligning with consumer preference shifts toward value formats. Strong FCF of CAD621M (+189% Y/Y) supported aggressive share repurchases of CAD648M. We believe the pending PC Financial divestiture in Q3 2026 will simplify operations and provide additional capital flexibility for core retail growth.
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