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Research Alert: CFRA Maintains Buy Opinion On Shares Of Semtech Corp.

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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 raise our 12-month target to $200 from $140, on a P/E of about 57x our CY 27 EPS, above peers and historical average to reflect growth prospects. We up our FY 27 EPS estimate to $2.45 from $2.20 and FY 28's to $3.49 from $2.90. After posting Apr-Q results and Jul-Q guide that exceeded our views, we believe that SMTC is capitalizing on the AI-driven data center buildout. SMTC's Active Copper Cables (ACC) are gaining traction as a low-power, low-latency alternative for short-reach connections, with its 1.6T CopperEdge ICs serving as a major growth driver, while Linear Pluggable Optics (LPO) revenue is expected to accelerate as hyperscalers adopt the technology for power savings. We believe SMTC's strong design win momentum and bookings for 1.6T optical transceivers, ramping in the second half, along with early development of 3.2T solutions, demonstrate its competitive positioning in next-generation data center infrastructure. We see upside from LoRa enabling Edge AI applications with higher data throughput.

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Research Alert: CFRA Reiterates Buy Rating On Shares Of The Goldman Sachs Group, 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 $90 to $1,090, using a forward P/E of 16.5x our 2027 earnings estimate compared to the three-year historical average at 14.1x. We keep our EPS estimates at $62.00 in 2026 and $66.00 in 2027, near consensus, which may undergo upward estimate revisions should we see an active IPO market over the rest of this year. Several of the mega-IPOs, such as SpaceX, are represented by GS as a lead underwriter. Markets that include equity trading continue to benefit from rising prices and market volatility. A secondary positive effect is higher fee income in the Asset & Wealth Management segment. We believe investment banking fees will also see higher transactions that boost M&A advisory fees and related financing. In late June, GS and other Global Systemically Important Banks (G-SIB) will receive the Fed's annual stress test results that direct their return of capital. Subsequently, we expect GS to authorize higher authorized share repurchases and dividend hikes that support our Buy rating.

$GS
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Research Alert: Abercrombie Posts Mixed Fq1; Maintains Full-year Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ANF posted Q1 2026 EPS of $1.47 vs. $1.59 prior year, $0.18 above consensus despite a Y/Y decline. Net sales reached a record $1.114B (+2% Y/Y), $9M above estimates, marking the 14th consecutive quarter of growth though comparable sales declined 1%. We believe ANF is deserving of a P/E multiple well above 10x, trading at just 7x the midpoint of full-year EPS guidance and below peers despite improving fundamentals. Management maintained full-year guidance of 3-5% revenue growth, 12.0-12.5% operating margin, and EPS of $10.20-$11.00. Regional performance showed divergence with Americas (+3% Y/Y) and APAC (+24% Y/Y) driving growth while EMEA declined 10% due to Middle East conflict impact. Operating margin compressed 130 bps to 8.0% from tariff pressures. The company repurchased $105M in shares during Q1 with $745M remaining on authorization. We expect ANF to continue aggressive share buybacks at current valuation levels.

$ANF
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Research Alert: Dick's Sporting Goods Posts Mixed Quarter; Maintains Non-gaap Eps Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:DICK'S Sporting Goods reported consolidated net sales of $5.16B, up 63% and $100M above consensus, driven by the DICK'S Business contributing $3.38B and newly acquired Foot Locker adding $1.79B. Non-GAAP EPS of $2.90 declined from $3.37 in the prior year and came in $0.01 below consensus, reflecting dilution from 9.6M shares issued for the Foot Locker acquisition and integration costs. We are encouraged by early Foot Locker results, including a return to positive comparable sales growth of 0.6% and the Fast Break initiative showing double-digit comp sales improvements across approximately 100 stores globally. The company raised comparable sales guidance for both businesses, with DICK'S Business outlook improving to 2.5%-4.0% from 2.0%-4.0% and Foot Locker guidance increasing to 1.5%-3.0% from 1.0%-3.0%. We continue to believe the company has the right management team to improve Foot Locker profitability in coming quarters while maintaining balanced capital deployment through share repurchases and dividends.

$DKS