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Research Alert: CFRA Maintains A Hold Rating On Keysight Technologies, Inc.

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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 target price to $369 from $325, based on 32x our FY 27 EPS estimate, with the multiple reflecting a healthy premium to the historical three-year average of 23x, given our positive outlook on the company's trajectory and recent strong performance. We increase our FY 26 and FY 27 EPS estimates to $10.14 (from $8.87) and $11.53 (from $10.17), led by Q2's impressive margin expansion and favorable business mix shift. Record orders of $2B+ grew 56% Y/Y, significantly outpacing 31% revenue growth and building substantial backlog visibility. Growth is broad-based: CSG revenue grew 35% Y/Y, EISG expanded 24%, and ADG posted record orders due to defense modernization priorities. Operating leverage is translating strong top-line performance into accelerating cash generation (record $472M in FCF). We believe the market has priced in the company's accelerated growth trajectory and enhanced earnings power, with shares up 69% YTD, resulting in a balanced risk/reward outlook.

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Research Alert: Toll Brothers Beats Q2 Estimates But Guides Q3 Below Expectations

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Toll Brothers' Q2 revenue of $2.51B (-7% Y/Y) beat guidance and consensus, delivering 2,491 homes (-14% units) at ~$1,009k ASP (+8% Y/Y). EPS of $2.72 beat $2.59 consensus, driven by stronger-than-guided adjusted gross margin of 26.2% and favorable home mix. Strong operational execution demonstrated pricing power and cost control, though inventory impairments surged to $32.5M from $9.8M prior year. Q3 guidance fell short of consensus due to pull-forward of closings into Q2, but management raised full-year guidance across all metrics. Net orders grew 8% to $2.81B with backlog ASP rising to $1,171.8k, indicating higher-quality pipeline. However, sales pace per community declined Y/Y and spring selling season momentum of +23% sequential order growth fell short of typical +55% advance. We believe the Q3 shortfall reflects timing rather than fundamental weakness, though inventory impairments and moderated sales pace warrant monitoring in a challenging market environment.

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Research Alert: CFRA Maintains Hold Opinion On Shares Of Under Armour Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our 12-month price target by $1 to $6, based on 17.1x our FY 28 (Mar.) EPS estimate and well below the company's three-year average forward P/E multiple of 31.4x. We lower our FY 27 EPS estimate by $0.30 to $0.15 and initiate our FY 28 EPS estimate at $0.35. UAA's revenue declined 0.8% to $1.17B, in line with consensus estimates (down 4.2% in constant currency), as a 7% decline in North America was partially offset by 10% international growth. The company posted adjusted diluted loss per share of $0.03 compared to a loss per share of $0.08 in the year prior and in line with consensus estimates. Gross margin compression of 470 bps to 42.0% represented the most significant headwind, primarily attributable to elevated tariff costs, along with pricing pressures, higher product costs, and unfavorable regional mix. This more than offset benefits from disciplined expense management, as SG&A declined 15% to $518M, reflecting lower marketing spend due to timing shifts and reduced compensation.

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