Financial News · Live Terminal

Page 351 of 417

Research Alert: CFRA Reiterates Strong Buy Opinion On Shares Of Gentex Corporation

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 $2 to $30, based on a 2027 P/E of 13.3x, a justified discount to GNTX's five-year average P/E of 16.7x. We maintain our EPS estimates of $2.00 for 2026 and $2.25 for 2027. Following GNTX's Q1 earnings release, we are lowering our price target but reiterating our Strong Buy opinion on the shares. It was a solid earnings release all around, with both sales and margins exceeding expectations and higher full-year revenue guidance. The investment thesis from our late January upgrade to Strong Buy appears intact, with gross margins rebounding nicely (+60 bps to 33.8% in Q1) and a risk/reward that appears compelling. While tepid volumes remain a concern (mirror shipments were -6%), GNTX's strong balance sheet and sub-industry leading gross margins are key distinguishing factors supporting our rating. GNTX's 12% Y/Y EPS growth in Q1 also underscores its easier near-term comps.

$GNTX

Research108d ago

Research Alert: CFRA Lowers View On Shares Of First Citizens Bancshares 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 reduce our 12-month target price by $500 to $2,200, 10.8x our 2027 EPS estimate, in line with FCNC.A's five-year average multiple of 10.9x. We reduce our 2026 EPS view to $182.55 from $193.68 and 2027's to $203.49 from $212.43. Our reduced outlook reflects lower net interest income expectations. Following its 2023 acquisition of Silicon Valley Bank, FCNC.A transformed from a bank with a healthy net interest margin to one with a best-in-class margin. However, this margin has gradually eroded. In Q1, FCNC.A's net interest margin compressed 11 bps sequentially to 3.09% due to intensified deposit competition. Going forward, we expect the net interest margin to stabilize, though at a level that is now comparable to peers rather than superior. On a positive note, credit quality concerns are easing, as net charge-offs have declined for two consecutive quarters. Management has painted an optimistic picture for 2026, lowering its full-year net charge-off guidance by 5 bps to a range of 30-40 bps.

$FCNC.A

Research108d ago

Research Alert: CFRA Downgrades Norfolk Southern Corp. To Hold From Buy With A Target Of $320

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We maintain our target price of $320 as shares trade in line with the Union Pacific Corporation (UNP 271 ****) acquisition price. We use a forward P/E of 23.3x our 2027 EPS view of $13.72, a premium to the five-year average of 17.7x, justified by an M&A premium. NSC reported Q1 adjusted railway operating revenue of $3.0 billion, a marginal 0.2% increase Y/Y. The company achieved an adjusted EBIT margin of 31.3%, reflecting an 80-bp contraction from the prior year as inflationary headwinds and higher fuel prices partially offset productivity gains. A key highlight of the quarter was a significant earnings beat, with adjusted EPS of $2.65 surpassing the consensus estimate of $2.51. On January 16, 2026, the Surface Transportation Board rejected the UNP/NSC merger application as incomplete, pushing the expected closing timeline to mid-to-late 2027. Washington Analysis has reduced approval odds to 70% from 80%, reflecting heightened regulatory scrutiny.

$NSC

Research108d ago

Research Alert: CFRA Reiterates Buy Rating On Shares Of Huntington Bancshares Incorporated

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We reduce our 12-month target price by $2 to $22, 11.1x our 2027 EPS estimate, a premium to the peer average of 10.2x, given balance sheet momentum. The valuation premium also reflects outperformance expectations from both net interest income and noninterest income and optimism with regard to expansion in the Carolinas and Texas. We reduce our 2026 EPS view by $0.11 to $1.65 and lower 2027's by $0.02 to $1.98. While HBAN's efficiency ratio has temporarily declined following its acquisitions of Veritex and Cadence, we expect this to be short-lived. As cost savings and revenue synergies from these deals materialize, performance should improve in coming quarters. After reaching 60% in 2025, we project HBAN's efficiency ratio (noninterest expense / revenue - lower is better) will improve modestly to 59% in 2026, then drop significantly to 54% in 2027. This improvement would position HBAN among the most efficient regional banks, up from one of the least efficient, while maintaining robust credit loss reserves.

$HBAN

Research108d ago

Research Alert: CFRA Keeps Hold Opinion On Adss Of Tal Education Group

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lower our target price to USD12 (from USD14), 20x our FY 27 (Feb.) EPADS estimate, vs. the three-year mean of 31x, reflecting our projected easing of earning growth as the solid recovery in the post-FY 22 restructuring years normalizes. We forecast revenue growth of 31%/11% in FY 27/FY 28, supported by learning center expansion, higher enrollment in enrichment programs, and continued adoption of learning devices. While moderating from FY25-FY26 levels, this reflects a higher base and more disciplined expansion. Learning services should remain the largest contributor, with devices continuing to scale. We expect net margin to improve to 8.9%/9.8% in FY 27/FY 28 (FY26: 7.6% excluding one-offs), supported by economies of scale (including improving adoption under the learning devices business) and better operational efficiency. However, ongoing investments in AI and marketing are likely to partly offset gains. We maintain EPADS forecasts of USD0.61 for FY27 and introduce USD0.69 for FY28.

$TAL

Research108d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Lockheed Martin Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We decrease our 12-month target by $106 to $564, or 18.5x our 2027 EPS estimate, above LMT's three-year avg. fwd P/E of 17.9x but below peers' avg. of 23.5x. Following the disappointing Q1 results, we trim our EPS estimates: 2026 to $29.05 from $30.08 and 2027 to $30.50 from $31.92. While LMT reaffirmed full-year guidance and maintains a record $186B backlog, execution headwinds are mounting. Aeronautics posted a 140 bps operating margin decline on unfavorable F-16 charges ($125M) and persistent C-130 integration issues ($55M). Classified program risks remain elevated despite no Q1 charges. Cash flow deteriorated sharply with Q1 usage of $291M versus $955M generation last year due to working capital timing and ERP system implementation issues. We see margin pressure persisting through mid-2026 as production ramp investments weigh on near-term profitability. Capex guidance of $2.5B-$2.8B reflects aggressive capacity expansion that may pressure returns if multi-year munitions agreements face political uncertainty.

$LMT

Research108d ago

Teck Resources Maintained at Hold at Stifel Canada Following Q1 Results; Price Target Kept at C$80.00

Stifel Canada on Friday reiterated its hold rating on the shares of Teck Resources (TECK-B.TO) and its C$80.00 price target following the miner's first-quarter results."Teck reported strong Q1/26 adjusted FD EPS of $1.75 vs. our $1.02 estimate (consensus: $1.12) and adjusted EBITDA of $2,088Mln vs. our $1,577Mln forecast (consensus: $1,544Mln) driven by higher copper sales with sales exceeding production due to shipment of inventory carried over from Q4/25, higher throughput and grades at HVC, and higher grades at Antamina as expected in the mine plan. Q1/26 also benefited from better performance at Trail (gross profit $257Mln vs. our $153Mln) from elevated silver, gold and specialty metals pricing. With every US$1/Bbl change in WTI impacting EBITDA by $8Mln, we estimate a $280Mln or 5% EBITDA impact at US$100/Bbl in 2026. Teck does not currently see significant risk of fuel supply disruption, though there could be an amplified impact on costs on Chilean operations due to the requirement for diesel imports," analyst Raplh 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://finwires.com/en/contact)Price: $83.34, Change: $+0.03, Percent Change: +0.04%

$TECK-B.TO

Research108d ago

CIBC Confirms Neutral Rating and Target of $5.5 on StorageVault Canada On Q1 Results

CIBC Capital Markets maintained its neutral rating and target price of $5.50 on the shares of StorageVault Canada (SVI.TO) after the company reported its first-quarter financial results on Wednesday.StorageVault's first-quarter results "were broadly in line with expectations and confirm the stability of the core self-storage platform," said CIBC. Progress on leasing vacant units and integrating recent expansions continues, although seasonal margin pressure and softer conditions in portable storage slightly tempered Q1 results, the bank noted."Overall, we continue to view SVI's long-term growth strategy and balance-sheet positioning favourably, underpinned by a resilient core self-storage platform and a disciplined approach to capital allocation," said analyst Dean Wilkinson. "That said, with limited near-term catalysts (slowing population growth) and a valuation broadly in line with its U.S. peers, we are comfortable maintaining a neutral stance on the stock at current levels."(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://finwires.com/en/contact)Price: $4.64, Change: $+0.11, Percent Change: +2.43%

$SVI.TO

Research108d ago

Orezone Gold Maintained at Outperform at National Bank After Q1 Production Results; Price Target Kept at C$3.75

National Bank Financial on maintained its outperform rating on the shares of Orezone Gold (ORE.TO) and its C$3.75 price target as it updated its estimates following the company's first-quarter production results."For the quarter, we now model AISC of $2,419/oz vs. $2,335/oz prior and forecast an attributable adj. EPS of $0.08. As a result of our changes, our 2026 EBITDA remains largely unchanged at $643 mln from $641 mln, and our NAV increases marginally to C$4.38/sh from C$4.34/sh. We reiterate our Outperform rating and C$3.75 price target," analyst Mohamed Sidibe 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://finwires.com/en/contact)Price: $2.27, Change: $-0.02, Percent Change: -0.87%

$ORE.TO

Research108d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Freeport-mcmoran

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $3 to $72, on an EV/EBITDA of 6.8x our 2027 EBITDA estimate, a discount relative to FCX's three-year avg. forward EV/EBITDA of 7.3x, which we think is warranted given the delays in ramping back up previously shuttered production at Grasberg. Given the strong copper and gold price appreciation, we raise our 2026 EPS estimate by $0.29 to $2.85 and our 2027 EPS forecast by $0.80 to $4.00. FCX secured a critical MOU with Indonesia to extend Grasberg operating rights beyond 2041, providing long-term visibility for this world-class, high-grade copper-gold asset. While the Grasberg ramp-up faces near-term delays due to material handling challenges from wet ore conditions, management has identified engineering solutions expected to restore production by mid-2027. FCX's organic growth pipeline is compelling, including innovative leaching technologies targeting 800M lbs of incremental copper production, a potential Baghdad expansion doubling capacity, and El Abra expansion in Chile.

$FCX

Research108d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Reliance, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $21 to $358, led by an EV/EBITDA of 11.0x our 2027 EBITDA estimate, a modest premium to Reliance's three-year avg. forward EV/EBITDA of 10.7x. We raise our 2026 EPS estimate by $2.45 to $19.26 and our 2027 EPS forecast by $1.88 to $20.22. Reliance continues to demonstrate operational excellence with 13 consecutive quarters of market share gains, significantly outperforming the broader metals service center industry. Reliance's diversified end market exposure provides resilience, with particular strength in infrastructure, data centers, defense, and energy sectors. Extending mill lead times and tight supply conditions support a favorable pricing environment through 2026. With a strong balance sheet (1.0x net debt-to-EBITDA) and disciplined capital allocation including ongoing share repurchases and a 4% dividend increase RS is well-positioned to capitalize on current market dynamics. However, the valuation at current levels limits near-term upside, supporting our Hold opinion.

$RS

Research108d ago

Research Alert: CFRA Maintains Hold Opinion On Shares Of Cleveland-cliffs 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 by $2 to $10, on an EV/EBITDA of 8.0x our 2027 EBITDA estimate, below CLF's three-year avg. fwd EV/EBITDA of 8.6x and below peers' avg. of 8.8x. We keep our 2026 estimate at a loss per share of $0.39 and we lower our 2027 EPS forecast by $0.26 to $0.55. We forecast sequential improvement through 2026 as trade enforcement supports domestic steel pricing and demand strengthens, particularly in automotive. We anticipate positive free cash flow generation starting in Q2 2026, with Q3 representing the company's full earnings power given minimal outages. Key tailwinds include steel import volumes at post-financial crisis lows, aluminum-to-steel substitution gaining momentum across automotive and other sectors, and extended lead times reflecting healthy market conditions. However, we remain cautious on CLF's elevated leverage (net debt of $7.7 billion) and execution risk on the pending POSCO transaction. We think a Hold rating is appropriate until CLF demonstrates sustained EBITDA growth.

$CLF

Research108d ago

Research Alert: CFRA Downgrades Recommendation On Shares Of Steel Dynamics To Sell From Hold

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target by $7 to $203, as we assume STLD will trade at an EV/EBITDA of 8.5x our 2027 EBITDA estimate, a premium to STLD's three-year average forward EV/EBITDA of 8.1x and above the peer-group average forward EV/EBITDA of 7.6x. We raise our 2026 EPS estimate by $0.82 to $14.78 and our 2027 EPS forecast by $1.12 to $16.73. STLD's Q1 results showcased record steel shipments of 3.6 million tons and improving pricing, yet we downgrade shares given valuation concerns, currently at a 25% premium to peers and near the peak of their three-year fwd EV/EBITDA range: 4.5x-10.8x. While the aluminum ramp-up presents a compelling long-term growth story with management targeting $650-$700 million in through-cycle EBITDA from aluminum operations near-term losses of $65 million in Q1 highlight execution risks. With shares trading near 52-week highs following a 35% gain over the past month, we see limited upside as the stock has priced in much of the aluminum opportunity and favorable steel fundamentals.

$STLD

Research108d ago

Research Alert: CFRA Maintains Hold Opinion On Adss Of Infosys Limited

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We reduce our 12-month target price to USD13 from USD14.00 by rolling forward our valuation to FY 28 EPS and applying a P/E of 14.4x. This represents a 1.25 standard deviation discount to its 10-year average of 21.6x. The lower multiple reflects constrained earnings visibility due to AI-led efficiency, cautious discretionary spending, and limited visibility on deal conversion timing. We maintain our FY 27 revenue forecast at USD20.9B and introduce our FY 28 revenue estimate of USD21.7B, implying gradual growth as pipeline conversion improves but remains measured. We also maintain our FY 27 EPS view at USD0.85 and introduce FY 28 EPS of USD0.88, reflecting stable margins with modest revenue growth. We remain cautious as cyclical segments continue to weigh on growth, with weakness in manufacturing and telecom offsetting strength in core enterprise verticals. We believe earnings will improve only when deal ramp-ups become more consistent and client spending recovers.

$INFY

Research108d ago

Research Alert: P&g Beats Estimates With Growth Across Segments

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Procter & Gamble reported solid Q3 results with net sales rising 7% to $21.2B, including 3% organic growth driven equally by volume and pricing gains, marking improved momentum across all segments. However, profitability came under pressure as gross margin contracted 150 bps to 49.5% due to unfavorable mix and reinvestments, while core EPS rose 3% to $1.59. The results demonstrate P&G's strong brand portfolio and operating excellence, with valuation appearing less stretched. Management maintained FY guidance ranges but expects results toward the lower end due to increased innovation investments and ongoing cost pressures. Looking ahead, commodity costs and tariffs are expected to create a combined $0.25 per share headwind for the full year. The stock trades at 21x FY 26 consensus estimates, below its three-year average forward P/E of 23.2x, reflecting improved relative valuation amid the company's continued market resilience and cash generation strength.

$PG

Research108d ago

Wedbush Initiates Coverage on Oracle With Outperform Rating, $225 Price Target

Oracle (ORCL) has an average rating of overweight and mean price target of $242.56, 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://finwires.com/en/contact)

$ORCL

Research108d ago

Research Alert: Gntx Beats Q1 2026, Raises Revenue Guidance

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Gentex Corporation (GNTX) posted Q1 adjusted EPS of $0.48 vs. $0.43 (+12%), three cents ahead of consensus. Net sales rose 17% to $675M ($26M ahead of consensus) and gross margin expanded 60 bps to 33.8% (10 bps ahead of consensus). Net sales were negatively impacted by a 6% decline in mirror shipment volumes, fully offset by the acquired VOXX assets which contributed total revenue of $89M during the quarter. The margin improvement was driven by favorable product mix, operational efficiencies, and purchasing cost reductions. GNTX raised 2026 revenue guidance to $2.65B-$2.75B from $2.6B-$2.7B previously. All other guidance was unchanged. In Q1, GNTX repurchased 3.3M shares at an average price of $22.01 in Q1. This was a solid release all-around, with sales and margins exceeding expectations and increased full-year guidance, which we think few investors were expecting from an auto supplier this earnings season, considering fundamental headwinds. We think the release indicates the turnaround story is on track.

$GNTX

Research108d ago

Research Alert: CFRA Maintains Buy Opinion On Shares Of Eastgroup Properties Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our target by $15 to $230, on a forward P/FFO of 23.6x 2026 FFO view, a slight premium to industrial peers given expected strength in re-leasing rates and shallow bay property focus. We increase our 2026 FFO estimate by $0.06 to $9.76 and increase 2027's by $0.24 to $10.54. We now see a significant new opportunity for EGP as data center suppliers were responsible for half of Q1 development YTD. Management sees this demand driving up rents for core portfolio properties from these suppliers providing HVAC, racking, and servicing to data center development. Partially due to this new end-market demand, leasing YTD has already reached 54% of the FY 25 total causing EGP to increase development start guidance by $15 million. We believe EGP has significant capital to acquire vacant properties and leverage its tenant base and leasing expertise to achieve near development level yields on properties without taking on construction risks. We maintain our Buy rating.

$EGP

Research108d ago

B. Riley Initiates COMPASS Pathways at Buy With $17 Price Target

COMPASS Pathways (CMPS) has an average rating of buy and mean price target of $22.08, 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://finwires.com/en/contact)

$CMPS

Research108d ago

Research Alert: CFRA Maintains Hold Recommendation On Shares Of Roper Technologies Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We trim our target price to $395 (from $408), based on a forward P/E of 18x our 2026 EPS view, which is below ROP's three-year average P/E. We raise our 2026 EPS projection to $21.95 from $21.49 and lift our 2027 EPS view to $23.40 from $22.92. ROP reported strong Q1 results, beating consensus on the top and bottom line. Revenue of $2.1B rose 11% (6% organic), led by sales growth acceleration in Application Software (+11.6% Y/Y), and strength in Network Software (+14% Y/Y). Adjusted EBITDA of $797M represented a margin of 38.1% (-120 bps Y/Y). Looking ahead, we note persistent headwinds in some areas (Deltek, freight market) and slower M&A pipeline activity, though we like the $1.5B share repurchase executed during the quarter, and see potential for higher EPS growth as large buybacks continue. Management raised full-year 2026 adjusted EPS guidance to $21.80-$22.05 (midpoint up 9% Y/Y), a $0.50 increase reflecting Q1 outperformance and share repurchase momentum.

$ROP

Showing 7001-7020 of 8331