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Research Alert: CFRA Maintains Buy Rating On Shares Of Western Digital Corporation

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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 increase our price target to $532 (from $313), 26x our CY 27 EPS estimate ($20.45), above WDC's three-year average (~15x) as AI demand continues to structurally improve the HDD industry's growth outlook and visibility. We raise our FY 26 (Jun.) EPS estimate by $1.29 to $9.93, raise our FY 27 view by $4.52 to $16.80, and initiate a FY 28 estimate at $23.80. Q3 saw a sales growth acceleration (to +45% Y/Y from 25% last quarter) and a further lengthening of LTAs, with certain customer agreements now extending into CY 29, providing unprecedented visibility that helps support multiple expansion. WDC's newest 32-TB drives accounted for 53% of exabyte shipments in Q3; a continued rise should support strong pricing gains along with the coming ramp of 40-TB drives in 2H. WDC's roadmap also looks in good shape, with qualifications underway at four customers for the company's new 44-TB HAMR drives and at three customers for its 40-TB ePMR drives (on track to see volume production in 2H CY 26).

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Research Alert: CFRA Keeps Hold Rating On Shares Of Baxter International Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our price target to $19 from $23, using a forward P/E of 9.5x our 2027 EPS view, a sizable discount to BAX's 10-year historical forward average. We slightly adjust our 2026 EPS estimate to $2.00 from $1.96 and maintain our 2027 EPS estimate at $1.99. Baxter delivered mixed Q1 results that reflected ongoing operational challenges despite management's transformation efforts, in our view. Sales of $2.7 billion rose 3% on a reported basis but declined 1% organically. EPS was $0.36, a 35% Y/Y decrease from the prior year, reflecting significant headwinds from tariffs, higher manufacturing costs, and an unfavorable comparison with Q1 2025. We think that BAX could be in the early stages of a turnaround focused on stabilizing the business and strengthening the balance sheet. Yet, we see the potential for a slowdown in U.S. hospital capital spending due to macroeconomic uncertainties along with continued softer demand for inhaled anesthesia products globally as important risks.

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Research Alert: CFRA Maintains Strong Buy Opinion On Shares Of Rocket Lab Corporation

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 price to $100 from $80, applying an EV/sales multiple of 45.8x to our 2027 estimate. This multiple is a slight premium to its five-year historical average multiple at 43.1x. We raise our 2026 loss per share estimate to -$0.11 from -$0.18 and cut 2027's EPS estimate to $0.05 from $0.14. Despite the Stage 1 tank setback, Neutron development showed meaningful progress. Multiple critical subsystems passed qualification during the quarter, including the Hungry Hippo fairing, thrust structure, and Stage 2. Flight hardware is now arriving at the Wallops launch site for final integration and testing. First launch is now targeted for Q4 2026. RKLB is not waiting for the first flight to build subsequent vehicles. Management noted that production of additional Neutron tail numbers is already underway, which means follow-on flights will not be delayed by the same duration as the first launch.

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Research Alert: CFRA Reiterates Sell Rating On Shares Of Udr, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We think UDR will be an underperformer versus the S&P 500, and the trust's fundamental outlook is low-single digit growth at best. We keep our $34 target using a forward P/FFO of 13.3x below peer group given its high concentration in Sun Belt markets. We keep our 2026 FFO estimate at $2.55 and lower 2027's by $0.01 to $2.60 on revenue projections of $1.72B and $1.77B, respectively. We think this puts added pressure on UDR's ability to raise rental rates, especially for new leases where incentives like free months are still needed. Renewal leasing also faces some limitations to how much UDR can raise rents as tenants can relocate to competitor housing. Cash NOI outlook is not promising. An important metric to monitor is cash NOI, which takes into account rental revenue less operating expenses that have risen at a faster pace (higher labor, insurance, and property taxes). UDR's 2026 targets are same-store revenue growth of 0.25% to 2.25%, expense growth of 3.00% to 4.50%, and cash NOI growth of -1.00% to 1.25%.

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