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Research Alert: CFRA Keeps Hold Rating On Shares Of Zimmer Biomet Holdings

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our target price to $92 from $100, representing 10.1x our 2027 EPS estimate, a discount to ZBH's five-year average forward P/E of 15.2x. We slightly lift our 2026 EPS view to $8.55 from $8.50 to reflect the Q1 EPS beat. We lower our 2027 EPS to $9.12 from $9.18 as we anticipate some margin pressures. We maintain our Hold rating after Q1 earnings release today as we view 2026 to be a transitional year amid an important leadership change with the long-tenured CFO's departure. Zimmer Biomet reported a better-than-anticipated start to 2026, highlighting healthy end markets, yet management kept the sales guidance intact for 2026, pointing to modest 2.5%-4.5% Y/Y reported growth and 1.0%-3.0% Y/Y organic constant currency growth. ZBH also announced the departure of its CFO, Suketu Upadhyay, who will be joining Incyte as the new CFO. The company has appointed Paul Stellato, its current Controller and Chief Accounting Officer, as the interim CFO, while conducting a search for a permanent successor.

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Research Alert: CFRA Maintains Buy Opinion On Shares Of Corning Incorporated

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Research Alert: Costar Group: Q1 Results In Line, Residential Ebitda Guidance Increases $20m

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CSGP reported Q1 2026 revenue of $897M (+22.5% Y/Y, in line with consensus estimates) compared to $732M in Q1 2025, marking the company's 60th consecutive quarter of double-digit revenue growth. Management consolidated reporting into Commercial Real Estate (55% of FY 25 revenue, +15.4% Y/Y growth) and Residential Real Estate (45% of FY 25 revenue, +32.6% Y/Y growth) segments. The sustained growth trajectory demonstrates the durability of CoStar's market-leading position in commercial real estate information services. The company has benefited from improved market conditions and continued investment in AI-powered tools. Within Commercial, the core CoStar platform's growth moderated to 8.5% Y/Y, while LoopNet accelerated to 16.4% growth, reflecting improved commercial real estate market dynamics. We believe CSGP's competitive moat in CRE data services remains intact; as such, ongoing investments in AI-powered tools should continue to drive market share expansion and revenue growth across both business segments.

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Mining & Metals

First Quantum Minerals Swings to a Loss in the First Quarter

First Quantum Minerals (FM.TO) reported a first-quarter loss despite higher revenue, as the company continues to face operational challenges linked to the Middle East conflict and its impact on supply chains.The company posted an adjusted loss, excluding most one-time items, of US$147 million, or US$0.18 per share, compared with an adjusted profit of US$5 million, or US$0.01, in the prior-year period. It missed FactSet analysts estimates of US$0.03 in earnings per share.Revenue for the three months ended March 31, rose 18% year over year to US$1.40 billion from US$1.19 billion a year earlier.. It exceeded FactSet estimates of US$1.36 billion.For 2026, the company raised its copper production guidance to 405,000-475,000 tonnes. Gold production guidance was lowered to 150,000-175,000 ounces from 175,000-200,000 ounces, reflecting a delay in the transition of Guelb Moghrein to a gold operation to 2027, partially offset by expected gold output from processing stockpiled ore at Cobre Panama."Our long standing investments in innovation and electrification, including trolley-assist, continue to structurally reduce fuel intensity and our sites are advancing additional initiatives to further improve efficiency. We expect the increases in fuel prices to impact our cost base in the second quarter," said chief executive Tristan Pascall. Quantum.The company said it expects to produce between 405,000 - 475,000 tonnes of copper this year, up from in January estimate of 375,000 - 435,000 tonnes, including 30,000 to 40,000 tonnes from Cobre Panama as it readies to resume processing stockpiled ores. It lowered its gold production guidance to 150,000 - 175,000 ounces from its prior 175,000 - 200,000 ounce estimate. Its nickel production guidance was unchanged.The company's shares closed down $1.63 at $34.29 on Toronto Stock Exchange.

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