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Research Alert: CFRA Maintains Hold Opinion On Shares Of Ford Motor Company

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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 by $1 to $13, based on a 2027 P/E of 6.8x, a discount to F's five-year average forward P/E of 8.0x. We raise our adjusted EPS estimates to $1.80 from $1.42 for 2026 and to $1.90 from $1.75 for 2027. Following Ford's Q1 earnings release, we are raising our estimates, but maintaining a Hold rating on the shares. Ford's Q1 earnings were well ahead of consensus, but the beat was largely led by a $1.3B one-time IEEPA tariff refund benefit reflecting amounts paid between March 2025 and February 2026. Candidly, given the strength of Q1 results, we think the company's 2026 adjusted EBIT guidance should have been increased by more than $0.5B. A closer examination of the outlook indicated ~$2B of expected commodity cost inflation, offset by material cost and warranty reductions of $1B. As a result, our estimates for the balance of the year have been lowered. Furthermore, management's track record of execution has been inconsistent and we recommend remaining on the sidelines.

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Research Alert: Arx Maintained Hold Following Shell Acquisition Announcement: Tp Cad33

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain ARX at Hold and increase the target price to CAD33, which is generated from a 5.2x EBITDA multiple applied to our FY 27 EBITDA projection and matches the announced Shell acquisition price. At this time we do not foresee any issues with closing and do not discount the deal price. We adjusted our EPS estimate for FY 26 to CAD3.10 from CAD2.48 and increase FY 27 to CAD2.93 from CAD2.75. Fundamentals in Q1 were strong, with production of 418,522 boe/day, up 12% Y/Y and 16% on a per share basis. FFO increased to CAD967M, or CAD1.70 per share, up 17% per share from Q1 2025, supported by higher volumes and strong natural gas pricing that realized CAD4.51/Mcf.

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Vortex Energy Intends to Advance Next Phase of Technical Work at Robinsons River Salt Project; Shares Down 12%

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