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Raymond James Upgrades SM Energy to Outperform From Underperform, Price Target is $55

SM Energy (SM) has an average rating of overweight and mean price target of $41.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$SM

Research41d ago

Citigroup Upgrades California Resources to Buy From Neutral, Adjusts Price Target to $78 From $74

California Resources Corp (CRC) has an average rating of overweight and mean price target of $76.69, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CRC

Research41d ago

TD Cowen Upgrades Ermenegildo Zegna to Buy From Hold, Adjusts Price Target to $15 From $13

Ermenegildo Zegna N.V (ZGN) has an average rating of overweight and mean price target of $13.16, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ZGN

Research41d ago

Arete Upgrades Etsy to Buy From Neutral, Adjusts Price Target to $76 From $60

Etsy (ETSY) has an average rating of hold and mean price target of $72.29, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ETSY

Research41d ago

Citigroup Upgrades Ovintiv to Buy From Neutral, Adjusts Price Target to $70 From $62

Ovintiv (OVV) has an average rating of overweight and mean price target of $70.25, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$OVV

Research41d ago

Jefferies Upgrades C.H. Robinson Worldwide to Buy From Hold, Adjusts PT to $200 From $195

C.H. Robinson Worldwide (CHRW) has an average rating of overweight and mean price target of $199.61, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CHRW

Research41d ago

Research Alert: CFRA Maintains Buy Opinion On Adss Of Bilibili Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We cut our 12-month target price for Bilibili to USD25 from USD31, based on a 2026 P/revenue multiple of 2.19x. This represents a +1 standard deviation premium against the three-year average valuation, justified by the company's profitability inflection, with 15 consecutive quarters of margin expansion and sustained net profit achievement. AI-driven improvements in user engagement and advertising efficiency are creating a compounding growth flywheel, while the strong balance sheet provides flexibility for strategic investments. Bilibili's Q1 2026 results showed strong momentum, with revenue up 7% Y/Y to CNY7.47B, led by 30% advertising growth. Daily active users reached 115.2M (+8% Y/Y), with daily engagement hitting 119 minutes. We cut our 2026 EPADS forecast to CNY6.82 (from CNY7.99 ) and 2027 EPADS to CNY8.79 (from CNY8.99). This is due to a slower-than-expected mobile games recovery and higher R&D spending on AI initiatives, partially offset by stronger advertising momentum.

$BILI

Research41d ago

Research Alert: Zto Q1: Accelerating Top-line And Improved Scale Economies Lift Profitability

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:ZTO posted a strong start to 2026, with revenues +22.0% Y/Y to CNY13.28B, as parcel volumes +13.2% to 9.7B units, outpacing the broader industry. Gross margins were flat at 24.4%, weighed by an 80.2% jump in network partner costs for key accounts, but partly offset by an 8.2% increase in core ASP from higher reverse-logistics volumes. However, adj-EBITDA rose by a more modest 6.9% Y/Y to CNY3.94B, due to lower other operating income. Improvements in core profitability for 2026 remains on track, aided by anti-involution policies and improving operating leverage; per-unit line-haul transportation costs -9.8% and sorting costs rose by just 6% amid rising economies of scale. Management kept full-year parcel volume growth guidance of 10%-13% (42.37B-43.52B parcels). We remain positive on its outlook, seeing potential for further upgrades depending on domestic consumption trajectory in 2H 2026, although a cautious near-term stance is warranted as irrational domestic competition could resurface and threaten margins.

$ZTO

Research41d ago

Nomura Starts Avalon Technologies at Buy with INR1,722 Price Target

Avalon Technologies (NSE:AVALON, BOM:543896) has an average rating of overweight and mean price target of 1,285.07 Indian rupees, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

BOM:543896NSE:AVALON

Research41d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Cava Group 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 target by $15 to $90, based on an equal-weighted blended valuation (50x 2027 EV/EBITDA; 6x EV/sales). We cut 2026 EPS to $0.66 from $0.80 and 2027's to $0.85 from $1.19, due to flat EBITDA margin assumptions versus prior expansion expectations. We maintain our Hold following Q1 results that included a beat-and-raise, highlighted by 9.7% comp growth (vs. 6.1% consensus). Our revised estimates embed comps near the top of CAVA's raised 4.5%-6.5% 2026 outlook. However, restaurant-level margin guidance was raised only 10 bps despite strong traffic, suggesting energy and food cost inflation are limiting profit flow-through. The company remains debt-free with strong cash generation, and 2025 openings are tracking above AUV targets, underscoring the long-term growth story. While our premium multiples reflect CAVA's superior unit economics and runway, current margin headwinds and elevated expectations limit near-term upside.

$CAVA

Research41d ago

Maybank Securities Upgrades Thai Beverage Public Company to Buy from Hold, Adjusts Price Target to SG$0.48 from SG$0.43

Thai Beverage Public Company (SGX:Y92) has an average rating of overweight and mean price target of SG$0.53, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

SGX:Y92

Research41d ago

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.

$TOL

Research41d ago

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.

$UAA

Research41d ago

Research Alert: Keys Reports Exceptional Q2 Performance On Strong Demand And Margin Expansion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:KEYS delivered exceptional Q2 results with revenue of $1.717B (+31% Y/Y) modestly ahead of $1.705B consensus and non-GAAP EPS of $2.87 (+69% Y/Y) well above $2.32 consensus. Record orders of $2.051B (+56% Y/Y) significantly outpaced revenue growth, driven by synchronized strength across both segments including 40% growth in commercial communications from AI infrastructure investments and broad-based EISG recovery. We believe this momentum has substantial runway ahead, supported by operating margin expansion of 810 bps to 33.3%. Management raised FY26 expectations with Q3 revenue guidance of $1.730-1.750B well ahead of $1.653B consensus and EPS guidance of $2.43-2.49 versus $2.16 consensus. The quarter included $100M IEEPA tariff benefit affecting Y/Y comparisons. In our view, robust cash position of $2.412B provides flexibility while the increased guidance reflects sustainable momentum in the continued technology cycle.

$KEYS

Research41d ago

Research Alert: CFRA Moderates Rating On Shares Of Iqvia Holdings Inc. To Hold From Buy

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 to $190 from $210, a 14.8x multiple of our 2026 EPS estimate (unchanged at $12.80; 2027 estimate up $0.07 to $14.19), below IQV's one-and-three year historical forward averages of 15.6x and 18.3x, respectively. We think headwinds may persist across key life sciences end markets due to macroeconomic pressures, uncertain tariff and research funding policy, and weaker biotech spending and clinical trial activity. Positively, we think IQV benefits from its diversification compared with peers, with significant earnings coming from health care technology and analytics, as well as contract research and commercialization services. We think recent bookings figures indicate a gradually improving biopharma spending environment despite the macroeconomic headwinds, though there could be a multi-quarter lag effect for emerging biopharma funding to flow through to IQV's bookings, based on company commentary at the recent Bank of America Global Healthcare Conference.

$IQV

Research41d ago

Research Alert: Cava: Q1 Beats Estimates; Same-store Sales And Ebitda Guidance Raised

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CAVA delivered a clean beat-and-raise quarter, with revenue growing 32.2% to $434M vs. $416M consensus and same-store sales (SSS) of 9.7% vs. 6.1% estimated, while Q1 EPS of $0.20 beat the $0.17 consensus. The company added 20 net new openings to 459 total restaurants (+20% Y/Y), with restaurant-level margins holding flat at 25.1% despite headwinds. Traffic growth of 6.8% drove the majority of SSS, with only 2.9% from price/mix, suggesting genuine demand strength, while new Midwest markets are exceeding performance expectations. Management lifted full-year SSS guidance to 4.5%-6.5% from 3.0%-5.0%, net openings to 75-77 from 74-76, and adjusted EBITDA to $181M-$191M from $176M-$184M. The guidance raise should support the premium multiple and drive modest estimate revisions higher. However, we believe the stock trades at a significant premium that assumes continued flawless execution on both unit growth and comparable sales, leaving limited room for error in our view.

$CAVA

Research41d ago

Research Alert: CFRA Raises Opinion On Industrials To Overweight From Marketweight

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:CFRA raises its investment outlook on the S&P 500 Industrials Sector, influenced by several reinforcing tailwinds, including a structural capex super-cycle anchored in AI data center buildouts, grid electrification, defense spending, and manufacturing reshoring. Each of these has multi-year visibility, which we think will outweigh some of the near-term noise and market headwinds. CFRA's current cap-weighted target price differential for the sector is +17.9%, which is above the 13.3% average for all stocks in the S&P 500. The Industrials sector also has positive relative strength versus the broader market that appears to us to have durability.

$CAT

Research41d ago

Research Alert: CFRA Raises Opinion On Industrials To Overweight From Marketweight

$CAT

Research41d ago

Research Alert: CFRA Lowers Opinion On Financials To Marketweight From Overweight

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Our downgrade is based on our diminished confidence in the sector's ability to grow into elevated multiples and we believe upward earnings revisions will likely prove more elusive in 2H 2026. Banks with significant consumer and commercial lending exposure face particular headwinds, and we believe regulatory tailwinds are now fully priced into consensus. Net interest income could be disappointing given neutral to hawkish monetary policy constraining loan growth. Additionally, tail risks have intensified, with the conflict in Iran threatening recent strong credit quality and spending trends, while rapid AI innovation poses challenges for data providers.

$BAC

Research41d ago

Research Alert: CFRA Maintains Strong Sell Opinion On Shares Of Charter Communications, 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 target price by $45 to $115, applying an EV/EBITDA multiple of 5.1x to our 2026 estimate, a discount to its three-year historical average multiple of 6.7x. We trim our 2026 EPS estimate by $0.93 to $40.32 and lower 2027 by $5.97 to $44.22. The competitive environment remained intense across multiple fronts. Charter continued to face expanding fixed wireless competition, with AT&T actively filling gaps left by other competitors that had slowed their expansion efforts. Fiber overbuilders maintained their pace of expansion at rates similar to previous quarters, creating ongoing overlap in Charter's markets. In addition, the housing environment remained muted, with slow household formation and low move rates limiting opportunities for new customer acquisition. Mobile substitution, where customers replace home internet with mobile-only solutions, continued to impact the business.

$CHTR

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