UBS on Tuesday decreased the price target for parking spaces operator Parkin (DFM:PARKIN) to 5.90 Emirati dirhams from 7.22 dirhams and affirmed its buy rating.
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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:AVGO announces an expanded multi-year strategic partnership with Meta to deploy technology supporting Meta's custom AI accelerator chips (MTIA), with an initial commitment exceeding 1GW as the first phase of a sustained multi-gigawatt rollout through 2029. The partnership will enable Meta to co-develop next-generation AI accelerator chips, leverages AVGO's networking and custom silicon expertise, and positions AVGO to become a critical player for Meta's infrastructure strategy (similar to its largest customer, Alphabet). Given the scale of this expanded partnership, Hock Tan will transition off Meta's Board into an advisor role, providing guidance on Meta's custom silicon roadmap. The Meta deal follows an expanded deal with Alphabet, securing agreements through 2031 to supply custom TPUs, and a 3.5GW Anthropic/GOOGL collaboration. We believe AVGO's expanded deals at significantly higher volumes are adding greater visibility and instilling more confidence into the out years of our model (2028-2030).
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 by $100 to $1,220, valuing BLK shares at 22x our 2026 adjusted EPS estimate of $54.58 (raised by $0.38) and at 20x our 2027 EPS estimate of $61.75. Our target multiples compare to BLK's one-year average forward multiple of 21x and a peer average of 13x, which included many firms that are slower growing and less profitable than BLK. Despite a challenging macroeconomic and geopolitical environment, we believe BLK shares are poised to outperform, thanks to a combination of solid, above-peer organic AUM growth, a growing and recurring revenue stream from technology services operations, and contributions from a targeted acquisition program. Currently trading at 19x our 2026 EPS estimate and at 17x our 2027 EPS estimate and yielding 2.2%, we view the shares as undervalued versus historical averages.
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 CAD15 to CAD114, based on 21x our 2026 EPS estimate (up from 18x), in line with the shares' 10-year average forward multiple. We raise our 2026 EPS to USD4.05 (CAD5.43) from USD4.00 and lower 2027's to USD4.29 (CAD5.75) from USD4.30. Our revised multiple reflects our view that QSR's franchised model offers better earnings resilience than company-operated formats in an environment of heightened margin headwinds. Our new estimates reflect potential acceleration of consumer trade-down toward value as higher gas prices may limit dining occasions or overall purchasing power. Our opinion remains Hold, as QSR is not immune to cost pressures, with adjusted operating margins falling 120 bps in 2025. We believe 2026 consensus estimates suggest expectations of margin expansion, with EPS growth estimates of 9.9% outpacing revenue growth of 4.3%, which may be at risk. Additionally, current valuation at historical averages leaves limited upside.