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Research Alert: CFRA Maintains Strong Buy Rating On Vrt Shares

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Data center spend remains in an uptrend in 2026, with recent U.S. census bureau data indicating that data center construction spending has now eclipsed investments in commercial office buildings. We revise our EPS growth assumptions higher ahead of VRT's Q1 print in late April, updating our 12-month target to $325 from $285, valuing shares at 38.8x our 2027 EPS outlook of $8.37 (up from $8.15; 2026 EPS view changed to $6.18 from $6.04), an above-trend multiple that we see as warranted given VRT's multi-pronged approach to capitalizing on unprecedented demand for electrical management and thermal cooling technologies. In our view, VRT has done a commendable job of positioning itself as a leading manufacturer and service provider of data center infrastructure, developing a "systems" approach to their offerings that helps to deepen the company's competitive positioning. VRT continues to successfully leverage partnerships, accelerating product development and further embedding the company in the AI ecosystem.

$VRT

Research82d ago

G2 Goldfields Maintained at Buy at Stifel Canada as It Agrees to be Acquired by G Mining Ventures

Stifel Canada on Friday maintained its buy rating on the shares of G2 Goldfields (GTWO.TO) and its C$8.50 price target after the company agreed to be acquired by G Mining Ventures (GMIN.TO) for shares worth C$3 billion."G Mining Ventures announced an all-share deal to acquire GTWO at an ~80% premium to Wednesday's close. The deal implies total consideration of C$3.0B, or C$10.84/sh (0.212 GMIN shares per GTWO). We are constructive on this transaction, noting combined potential of Oko West and Oko-Ghanie main to produce >500kozpa Au. We see the acquisition implying 0.66x GTWO P/NAV (consensus), higher than the ~0.45x GMIN acquired RGD for in 2024. Further, we note the G3 SpinCo (including Peters Mine) is currently being priced in at ~7-20% (prelim value estimate), providing optionality to continued discovery with a fertile property package and proven mgmt. We see this deal as a sign mid-tier producer/developer M&A is favouring infrastructure proximal, near-term production potential with exploration upside and note OMG under coverage as a natural read through; trading at 0.31x [unfunded, risked 'takeout' NAVPS of C$6.53]," analyst Cole McGill wrote.(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)Price: $10.84, Change: $+0.06, Percent Change: +0.56%

$GMIN.TO$GTWO.TO

Research82d ago

G Mining Ventures Reiterated at Buy at Stifel Canada as It Agrees to Buy G2 Goldfields; Price Target Kept at C$65.00

Stifel Canada on Friday maintained its buy rating on the shares of G Mining Ventures (GMIN.TO) and its C$65.00 price target after the company agreed to acquire G2 Goldfields (GTWO.TO) for shares worth C$3 billion."G Mining Ventures (GMIN) announced a definitive agreement to acquire all outstanding shares of G2 Goldfields in an all-share transaction valued at about C$3.0 billion on a fully diluted equity basis. The transaction strategically consolidates GMIN's fully permitted Oko West and GTWO's Oko-Ghanie, creating a tier-one gold mining hub in Guyana with the potential to produce 500+Koz of gold per year on LOM average basis, including Oko West expected production of approximately 350Koz/yr (FS June 2025) and Oko-Ghanie expected production of 228Koz/yr (PEA December 2025). We estimate the transaction values GTWO at 0.77x on P/NAV and is 6.5% accretive to our GMIN NAVPS including synergies, but excluding the 25%-30% throughput expansion potential at Oko West (1.1% accretive excluding synergies). GMIN plans to move quickly through technical studies with an intention to release a technical report in 2027, targeting expanded production by H1/29," analyst Ralph Profiti wrote.(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)Price: $49.78, Change: $-0.62, Percent Change: -1.23%

$GMIN.TO

Research82d ago

Imperial Oil Maintained at Hold at TPH Ahead of Q1 Results; Price Target at C$150.00

Tudor, Pickering, Holt on Friday maintained its hold rating of the shares of Imperial Oil (IMO.TO, IMO) with a C$150 price target ahead of the oil producer and refiner's first-quarter results."With our pre-earnings model update this week, we increased our Q1'26 CFPS estimate to C$3.39 from our prior C$2.90, now above Street C$2.97 though recent estimates looking more in-line with current TPHe. While MTM factors aided across the board, Upstream stands out as the driver for our improved earnings estimates, with MTM factors for Downstream partially offset by a true up to or assumptions on capture rate," analyst Jeoffrey Lambujon wrote.(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)Price: $178.16, Change: $+0.68, Percent Change: +0.38%

$IMO$IMO.TO

Research82d ago

Cenovus Energy Maintained at Buy at TPH Ahead of Q1 Results' Price Target at C$42.00

Tudor, Pickering, Holt on Friday maintained its buy rating on the shares of Cenovus Energy (CVE.TO, CVE) with a C$42.00 price target ahead of the oil producer and refiner's first-quarter results."In our pre-earnings model update, we increased our Q1'26 CFPS estimate to TPHe C$1.40, up from our prior C$0.97, which sits well above Street C$1.09 though we'd anticipate positive estimate revisions in the coming weeks. MTM (mark to market) impacts were the primary driver of our refresh, with our operational assumptions only modestly nudged lower across CVE's segments," analyst Jeoffrey Lambujon wrote.(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)Price: $35.82, Change: $+0.34, Percent Change: +0.96%

$CVE$CVE.TO

Research82d ago

Research Alert: Cls Downgraded To Buy On Multiple Reversal: Tp Cad504

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We downgraded Celestica from Strong Buy to Buy on valuation as shares and valuation multiples have risen ~25% in a month. We raise our target price to CAD504 from CAD444 on an earnings multiple of 30.0x (+2.0x) and EBITDA multiple of 24.0x (+4.0x) as the AI infrastructure space has rebounded and digested the turmoil in the Middle East. We continue to believe CLS is best-in-class, and we remain confident in its positioning with hyperscalers and do not foresee an AI infrastructure slowdown. Q4 and FY earnings revealed a strong double beat, with FY 26 guidance raised and plans to increase manufacturing on $1B capex spend (~5x increase Y/Y) and an additional hyperscaler win. We view the results as bullish and continue to like the company's execution amid the AI megatrend.

$CLS

Research82d ago

UBS Downgrades SiteOne Landscape Supply to Neutral From Buy, Cuts Price Target to $140 From $182

SiteOne Landscape Supply (SITE) has an average rating of overweight and mean price target of $170.46, 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)Price: $134.58, Change: $-0.03, Percent Change: -0.02%

$SITE

Research82d ago

Research Alert: CFRA Keeps Strong Buy Recommendation On Shares Of Amazon.com, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Ahead of AMZN's Q1 print, we trim our 12-month target to $285 from $296, 30x our 2027 EPS of $9.48 (was $9.87; 2026 to $7.60 from $8.00). While this remains a premium to the ~25x peer average, it implies a three-year PEG of 1.5x vs. 2.0x for peers. Our revised estimates reflect elevated AI investment, with total net capex likely rising 50%+ to roughly $200B (~60% three-year CAGR), with a large portion of these investments monetized in 2027/2028. At this scale of spend, alongside strong demand for AMZN's in-house chips (Trainium2 largely sold out; Trainium3 nearly fully subscribed), strong AWS backlog figures, and expanding power capacity, we have high conviction that AWS growth can accelerate from ~20% in 2025 to the high-20% range in 2026 and the mid-30% range in 2027. Elsewhere, we expect continued retail margin expansion, driven by improved fulfillment efficiencies and strength in high-margin digital ads. Profit growth should improve in 2H 2026 as Amazon Leo costs move from the P&L to the balance sheet.

$AMZN

Research83d ago

Research Alert: CFRA Drops Coverage On Shares Of Joyy Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We are dropping STARS coverage on shares of JOYY Inc. as of April 10, 2026, in favor of stocks with greater investor interest. Our last recommendation on the shares was Hold.

$JOYY

Research83d ago

Roots Downgraded To Hold At TD

Roots Corp. (ROOT.TO) was downgraded to Hold from Buy at TD Securities Friday.Analyst Brian Morrison raised his price target on shares of the Canadian retailer to $4.25 from $4 following its quarterly results."Q4/F25 solid results were in line, a combination of new product, client favourites, and heightened marketing investment supporting strong DTC sales," Morrison said in a note to clients."While brand momentum is continuing into F2026, we believe the strategic review process is currently the key investor focal point," the analyst said."We believe there is a high probability for a potential monetization event, that we believe should support a valuation multiple toward the low end of its peer group," Morrison said."Given the recent share price appreciation approaching our view of 'fair value' we are lowering our recommendation to Hold."(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)

$ROOT.TO

Research83d ago

Scotiabank Downgrades TELUS to Sector Perform From Sector Outperform, Adjusts Price Target to CA$21.50 From CA$23

$TU

Research83d ago

Citigroup Downgrades Similarweb to Neutral From Buy, Adjusts PT to $3 From $8.50

Similarweb (SMWB) has an average rating of overweight and mean price target of $5.42, 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)

$SMWB

Research83d ago

JPMorgan Downgrades Nutanix to Neutral From Overweight, Adjusts PT to $44 From $55

Nutanix (NTNX) has an average rating of overweight and mean price target of $55.71, 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)

$NTNX

Research83d ago

Citigroup Downgrades Veeva Systems to Neutral From Buy, Adjusts Price Target to $176 From $291

Veeva Systems (VEEV) has an average rating of overweight and mean price target of $272.19, 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)

$VEEV

Research83d ago

Citigroup Downgrades DocuSign to Neutral From Buy, Adjusts PT to $50 From $99

DocuSign (DOCU) has an average rating of Hold and mean price target of $62.33, 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)

$DOCU

Research83d ago

Stephens Downgrades Simply Good Foods to Equalweight From Overweight, Adjusts Price Target to $14 From $24

Simply Good Foods (SMPL) has an average rating of overweight and mean price target of $19.50, 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)

$SMPL

Research83d ago

Citigroup Downgrades NICE to Neutral From Buy, Adjusts Price Target to $119 From $184

$NICE

Research83d ago

Citigroup Downgrades CCC Intelligent Solutions to Neutral From Buy, Cuts Price Target to $6 From $10

CCC Intelligent Solutions (CCC) has an average rating of overweight and mean price target of $9.33, 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)

$CCC

Research83d ago

Wells Fargo Downgrades Axalta Coating Systems to Equal Weight From Overweight, Adjusts Price Target to $30 From $39

Axalta Coating Systems (AXTA) has an average rating of overweight and mean price target of $36.64, 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)

$AXTA

Research83d ago

B. Riley Upgrades MacroGenics to Buy From Neutral, Triples Price Target to $9 From $3

MacroGenics (MGNX) has an average rating of hold and mean price target of $4, 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)

$MGNX

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