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Citic Downgrades Intel to Add From Buy, Adjusts Price Target to $82 From $60

Intel (INTC) has an average rating of hold and mean price target of $78.77, 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)

$INTC

Research61d ago

JM Financial Downgrades Adani Green Energy to Add from Buy; Price Target is INR1,299

Adani Green Energy (BOM:541450, NSE:ADANIGREEN) has an average rating of buy and mean price target of 1,203.25 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:541450NSE:ADANIGREEN

Research61d ago

JM Financial Upgrades IndusInd Bank to Add from Reduce; Price Target is INR925

IndusInd Bank (NSE:INDUSINDBK, BOM:532187) has an average rating of hold and mean price target of 857.92 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:532187NSE:INDUSINDBK

Research61d ago

MIDF Amanah Upgrades Unisem to Neutral from Sell; Price Target is MYR2.92

Unisem (M) (KLSE:UNISEM) has an average rating of hold and mean price target of 3.03 ringgit, 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)

KLSE:UNISEM

Research61d ago

JM Financial Upgrades Mahindra & Mahindra Financial Services to Buy from Add; Price Target is INR350

Mahindra & Mahindra Financial Services (NSE:M&MFIN, BOM:532720) has an average rating of overweight and mean price target of 357.73 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:532720NSE:M&MFIN

Research61d ago

Research Alert: CFRA Drops Stars Coverage Of United Parks And Resorts Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping analytical coverage of PRKS, an amusement park operator, due to a shift in investor focus. Our previous recommendation on shares of PRKS was Hold.

$PRKS

Research61d ago

Ambit Capital Downgrades JSW Energy to Sell from Buy; Price Target is INR540

JSW Energy (BOM:533148, NSE:JSWENERGY) has an average rating of overweight and mean price target of 570 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:533148NSE:JSWENERGY

Research61d ago

Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Newmont Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price by $3 to $153, assuming an EV/EBITDA of 7.0x our 2027 EBITDA estimate, above NEM's three-year average forward EV/EBITDA of 6.5x and above peers' 6.0x. We raise our 2026 EPS estimate by $1.67 to $10.31 and our 2027 EPS forecast by $2.09 to $12.89. Newmont remains on track to deliver its 2026 guidance of 5.3 million gold ounces, though management characterizes 2026 as a trough year due to planned mine sequencing at several operations. The company is well-positioned for production growth beginning in 2027, with a longer-term outlook of approximately 6 million ounces of gold and 150,000 tonnes of copper annually. Key growth drivers include completion of Tanami Expansion 2 (2H 2027), ongoing development of Cadia panel caves, and the Ahafo North ramp-up. NEM's world-class portfolio, coupled with robust free cash flow generation in a supportive gold price environment, supports sustained capital returns through its enhanced capital allocation framework.

$NEM

Research61d ago

Research Alert: CFRA Keeps Buy Opinion On Share Of Rexford Industrial Realty Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $4 to $41, applying a forward P/FFO multiple of 17.1x on our 2026 FFO estimate, a discount to its 19.2x three-year forward average. We leave our 2026 FFO/share estimate unchanged at $2.40 but lower 2027's by $0.07 to $2.47. Negative re-leasing spreads remain our base case for 2026, but we believe infill properties in Southern California have structural barriers preventing new supply from coming online. Leasing rose 70% Y/Y in Q1 and we expect re-leasing spreads at 6%-9% in 2027, supported by a lack of new supply and higher occupancy rates. REXR's current capital recycling strategy, aimed at selling sub-4% cap rate properties and either repurchasing shares or redeveloping properties, should lift total portfolio returns higher next year. We note demand in Southern California remains strongest for spaces under 50K sq ft, which are REXR's core focus, and believe increased advanced manufacturer demand in the San Fernando Valley and South Bay markets could accelerate this year.

$REXR

Research61d ago

Research Alert: CFRA Reiterates Sell Opinion On Shares Of Pg&e Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our 12-month target at $14, based on 8.7x our 2026 EPS estimate, significantly below peers at a 19.7x average to reflect PCG's low dividend yield (1.2%), regulatory uncertainty regarding wildfire liability, and lingering caution after it emerged from bankruptcy in 2020. We lift our 2026 EPS view by $0.03 to $1.64 and lift 2027 EPS by $0.07 to $1.80. PCG's $73B capex plan faces increased uncertainty as management has stated the potential for reevaluation if SB 254 Phase Two legislation does not provide the ability to model wildfire tail risk. On a positive note, wildfire mitigation efforts continue to show meaningful progress, with PCG completing 31 miles of powerline undergrounding and installing 44 miles of strengthened poles and covered lines in high fire-risk areas during the quarter. We think wildfire risk mitigation efforts, both physically and financially, support above-average EPS growth opportunities in the coming years. We expect 5.5% revenue growth in 2026, followed by 3.1% growth in 2027.

$PCG

Research61d ago

Jefferies Upgrades Sa Sa International to Buy from Hold, Adjusts Price Target to HK$1.14 from HK$0.67

HKG:0178

Research61d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of Otis Worldwide Corporation

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 to $90 from $100 following Q1 earnings, valuing OTIS shares at 19.6x our 2027 EPS outlook of $4.58 (down from $4.70; 2026 EPS view updated to $4.18 from $4.25), a modest discount to industrial machinery peers' and OTIS's five-year forward multiple average given unclear timing of ongoing margin headwinds. Service margins were disappointing in Q1 (contracting 160 bps to 23%) amid higher labor and material costs that came in above pricing. Weakness in China has yet to stabilize, though as noted in the past, this represents a shrinking area of OTIS's portfolio and will have a more limited effect going forward. Overall, the latest quarter was more of the same (China weakness/New Equipment decline), though with the added concern of margin quality being pressured within Service - the core profit driver for OTIS overall. While efforts to shore up profitability are underway, we see timing of recovery being uncertain.

$OTIS

Research62d ago

Research Alert: CFRA Maintains Hold Rating On Shares Of United Rentals Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target price to $1,100 from $950 following a strong first quarter, valuing shares at 20.5x our 2027 EPS outlook of $54.28 (in line with previous estimate; 2026 EPS also in line). We believe a higher multiple is justified given URI's firming market leadership within an expanding rental equipment industry. A robust Q1 beat enabled URI to raise its full-year revenue guidance to $16.9B-$17.4B and adjusted EBITDA to $7.625B-$7.875B, citing momentum heading into a busy season. With leverage well below historical levels, we believe accretive M&A deals could serve as a potential catalyst for additional guidance increases. Margin compression has been a sticky issue for URI, but Q1 indicated that pricing may have turned around and that headwinds are starting to ease as quarterly results begin to lap when tariff-related inflation began to pick-up. We remain cautious on margins, though are encouraged by signs of stabilization. New project activity is likely supporting pricing trends, in our view.

$URI

Research63d ago

Research Alert: CFRA Keeps Buy Opinion On Shares Of The Hartford Insurance Group, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $8 to $155, valuing HIG shares at 11.3x our 2026 operating EPS estimate of $13.75 (cut by $0.45) and at 10.6x our 2027 EPS estimate of $14.65 (cut by $0.30), vs. the shares' one-year average forward multiple of 10.3x and peer average of 13x. Q1 EPS of $3.09 vs. $2.20 a year ago missed our $3.60 estimate and $3.39 consensus view. Operating revenue growth of 6.2% was in line with our 6%-10% forecast, amid 5.3% earned premium growth, 13% higher net investment income, and 7.9% fee revenue growth. Q1 written premium growth of 4% and full-year 2025 growth of 7% bode well for 2026 revenue trends as premiums are earned. Underwriting results improved significantly, with Personal Lines combined ratio improving to 87.7% from 106.1% and underlying combined ratio to 85.0% from 89.7%. Business Insurance combined ratio was stable at 94.8%. Weighing the Q1 EPS miss with HIG's decent top-line growth and discounted valuation to peers, we view the shares as undervalued.

$HIG

Research63d ago

Research Alert: CFRA Keeps Strong Buy Opinion On Shares Of Baker Hughes

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 $14 to $82, reflecting a combination of our sum-of-the-parts (SOTP) and DCF models. For our SOTP model, we presume the oilfield services business (about 50% of BKR's franchise) to be valued at about 10x projected 2027 EBITDA (in line with major peers) and its industrial energy technology business (the other 50%) valued at 14x projected 2027 EBITDA (in line with the peer median). This blended approach, yielding a 12x multiple, implies a value of $73 per share. Meanwhile, our DCF model, using medium-term free cash flow growth of 5% per year, terminal growth of 2.5%, discounted at a WACC of 6.3%, yields intrinsic value of $91 per share. We cut our 2026 EPS estimate by $0.47 to $2.48, but we raise 2027's by $0.07 to $3.24. We acknowledge that the oilfield services business is likely to struggle in 2026 owing to the U.S.-Iran conflict, but the IET business appears quite robust and likely to be a source of both accelerating revenue growth and margins.

$BKR

Research63d ago

Research Alert: CFRA Maintains Hold Opinion In Shares Of Wab

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our 12-month target to $285 from $275 following WAB's Q1 earnings print, valuing shares at 24.2x our 2027 EPS outlook of $11.76 (revised from $11.46; 2026 EPS estimate up to $10.57 from $10.50), a slight premium to WAB's long-term historical multiple average given structural improvements in earnings quality. While we are cautious on signs of overcapacity in the freight market, an elevated order backlog (12-month sits at over $9 billion), internal initiatives to shore up margins, and potential synergies from M&A activity positions WAB to continue growing earnings at double-digit rates in 2026-2027, in our view. Despite tariff-related cost pressures, WAB has done a commendable job of defending margins via a mix of pricing, lean manufacturing, and pruning of lower-profit operations. Q1 results were mixed but overall positive, in our view. We maintain our Hold recommendation on shares.

$WAB

Research63d ago

Research Alert: CFRA Keeps Buy Opinion On Shares Of Centerpoint Energy, Inc.

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 $47, 24.1x our next-12-month EPS estimate, a premium to CNP's five-year average of 19.7x. Our 2026 EPS view is unchanged at $1.91, and we initiate our 2027 EPS view at $2.08. EPS guidance was maintained during Q1 earnings, and the $65.5B 10-year capital investment plan was reaffirmed. Notably, this was the first quarter in nearly two years without an increase to the 10-year capital plan. However, management is evaluating over $10B in incremental opportunities and expects to provide updates following a transmission planning refresh in 2H 2026. The company sees 11% or higher rate base growth potential through 2030, which we think would be among the fastest in the multi-utilities sub-industry. In the longer term, we look favorably on CNP's 7%-9% adjusted EPS CAGR target through 2035, with expectations of reaching the 8%-9% mark from 2026-2028, both of which would likely lead most peer utilities, in our view.

$CNP

Research63d ago

Research Alert: Ndaq: Q1 Earnings Beat As Financial Technology Surges

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Nasdaq Inc. (NDAQ) posted solid Q1 2026 results with operating EPS of $0.96 vs. $0.79 a year ago, beating consensus by $0.03, while net revenue of $1.41B rose 14% Y/Y and beat estimates by 2%. Operating margin expanded 170 bps to 56.8%, demonstrating strong operational leverage alongside accelerating revenue growth for two consecutive quarters. Financial Technology exploded 20% higher with record Q1 ACV bookings up 50%+ Y/Y, as Verafin added 58 new clients and Agentic AI gained traction with 500+ clients in production. Market Services delivered record results with 13% growth supported by record industry volumes, while Index options revenue more than doubled for the third consecutive quarter. The Index business showed resilience with $6B in Q1 net inflows and record average ETP AUM of $877B. We view these results as strong validation of NDAQ's diversified growth strategy, with innovation-driven products from the past five years accounting for 46% of trailing-12-month net inflows.

$NDAQ

Research63d 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 trim our 12-month target by $5 to $160, applying an EV/EBITDA multiple of 5.3x to our 2026 estimate. We lower our 2026 EPS estimate by $1.96 to $41.25 and raise 2027's by $1.00 to $50.19. CHTR reported a decline in residential revenue, primarily due to reductions in video revenue and increased allocation of costs to streaming apps. Even when excluding these allocations, the residential segment showed weak performance, with revenue per customer relationship nearly flat, indicating ongoing pressure in core business areas. It faced a loss of Internet customers, with a net decrease of 120,000 in Q1, reflecting intensified competition from fixed wireless providers, higher mobile substitution, and expanding fiber overlap. This trend signaled erosion in the subscriber base for Internet services. Video customer losses persisted, although the pace of decline improved compared to previous periods. Nevertheless, the overall trend remained negative, with video subscriptions continuing to decrease.

$CHTR

Research63d ago

Research Alert: CFRA Keeps Hold Opinion On Shares Of W.r. Berkley Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our 12-month target price by $3 to $72, valuing WRB shares at 15.5x our 2026 operating EPS of $4.65 and 14.3x our 2027 EPS of $5.05, compared to three-year (14x) and peer (12x) averages. WRB posted Q1 operating EPS (before investment gains or losses) of $1.30 vs $1.05 last year, exceeding our $1.09 estimate and the consensus $1.14 forecast. We applaud WRB's 6.2% rise in net written premiums in 2025, which will likely top the growth rate of many peers, but WRB's written premium growth has decelerated sharply (+1.3% Y/Y in Q1). WRB has a very facile underwriting model, and the firm can allocate underwriting capital to areas with the healthiest underwriting characteristics. Management had expressed optimism that the firm would be able to retain this competitive advantage, but Q1 written premium trends indicate that WRB's ability to produce an above-peer rate of top-line growth may prove very challenging. This could weigh on the shares, potentially imperiling their premium valuation versus peers.

$WRB

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