Research Alert: CFRA Lowers View On Shares Of American Electric Power Company 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 lift our 12-month target by $2 to $145, valuing shares of AEP at a forward P/E of 22.6x our next-12-month EPS view, a premium to its three-year forward average of 16.8x. We lift our 2026 EPS view by $0.04 to $6.37 and 2027 by $0.03 to $6.88. AEP reported 63 GW of incremental contracted load by 2030 (up from 56 GW last quarter), with 41 GW in Texas alone backed by signed letters of agreement with hyperscalers. An additional 190 GW in the active development queue positions AEP among the fastest-growing regulated utilities. However, we believe growth is largely priced in and we see little upside as shares are up ~28% over the past year. Our downgrade to Hold reflects our view of lagging earnings growth compared to peers trading at similar valuation premiums over historical levels. We forecast an 8.2% EPS CAGR from 2025-2028 vs. the peer average of 8.8%. AEP currently trades ~26% above its three-year average P/E, with peers trading at similar premiums (+20%) expecting an average EPS CAGR of 11.7%.

加拿大皇家银行表示，安波福在汽车需求以外的增长支撑了其前景。

加拿大皇家银行资本市场（RBC Capital Markets）周二发布的一份报告称，安波福（Aptiv，股票代码：APTV）或将受益于来自中国汽车制造商和汽车行业以外客户的订单增长，同时成本回收和下半年利润率的提升有望助力其实现全年目标。报告指出，安波福第一季度调整后EBITDA超出预期，主要得益于其原电气分配系统部门（现已分拆为Versigent，股票代码：VGNT）的强劲表现。报告还指出，智能系统部门的疲软部分抵消了这一超预期，福特（Ford，股票代码：F）的生产中断以及一家欧洲大型汽车制造商的项目进展低于预期是造成这一疲软的主要原因。报告称，管理层维持了全年调整后EBITDA 24亿美元的预期，但第二季度的展望意味着安波福需要在今年晚些时候获得更高的利润率才能实现这一目标。报告指出，安波福（Aptiv）在汽车以外的扩张前景乐观，这得益于其在海军、航天和储能市场赢得的新业务。不过，报告也指出，早期投资可能会在业务增长之前对利润率造成压力。加拿大皇家银行（RBC）维持对安波福股票的“跑赢大盘”评级和81美元的目标价。报告称，鉴于该公司以往能够从汽车制造商客户那里收回大部分成本，因此应该能够应对不断上涨的大宗商品支出。Price: $56.81, Change: $+1.98, Percent Change: +3.61%

$APTV$F$VGNT

RBC Capital 将 Astera Labs 的目标股价从 250 美元上调至 270 美元，维持“跑赢大盘”评级。

根据FactSet调查的分析师报告，Astera Labs (ALAB) 的平均评级为“增持”，平均目标价为243.25美元。（报道北美、亚洲和欧洲主要银行及研究机构的股票、商品和经济研究。研究机构可通过以下链接联系我们：https://www..com/contact-us）Price: $204.83, Change: $-10.86, Percent Change: -5.04%

$ALAB

Research Alert: CFRA Lowers View On Shares Of American Electric Power Company To Hold From Buy

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